Bloomberg Markets :press: on Nostr: The Luxury Shopping Slowdown in China European luxury brands such as LVMH Moet ...
The Luxury Shopping Slowdown in China
European luxury brands such as LVMH Moet Hennessy Louis Vuitton SE are suffering from a spending slowdown in China. Demand that was supposed to roar back after the lifting of strict Covid restrictions is instead cratering, a disappointment that’s helped erase about $251 billion from the stock market value of these brands since March.... #press
https://www.bloomberg.com/news/videos/2024-11-04/the-luxury-shopping-slowdown-in-china?utm_source=press.coop
European luxury brands such as LVMH Moet Hennessy Louis Vuitton SE are suffering from a spending slowdown in China. Demand that was supposed to roar back after the lifting of strict Covid restrictions is instead cratering, a disappointment that’s helped erase about $251 billion from the stock market value of these brands since March.... #press
https://www.bloomberg.com/news/videos/2024-11-04/the-luxury-shopping-slowdown-in-china?utm_source=press.coop