• 09/20/2024

Prologue Journal

Understanding current events through the lenses of the past and future.

Hong Kong

Luxury brands in China take hit on low consumer confidence as economy slows

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Asia sales of Louis Vuitton owner LVMH fell 13 per cent in the first half, while Chow Tai Fook’s plummeted 20 per cent in the second quarter.

https://www.scmp.com/business/china-business/article/3271697/luxury-brands-china-take-hit-low-consumer-confidence-economy-slows?utm_source=rss_feed