Luxury sector hinges on China's consumption rebound
LVMH, Kering, and Hermès face sluggish demand in China, which accounted for up to 20% of their global sales.
Published 6sem1 sourceNotable
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The fact
China, the leading luxury market, struggles to revive consumption after years of economic slowdown.
Industry giants are adjusting their strategies to mitigate the impact on earnings.
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Why it matters
La dépendance du secteur du luxe à la Chine expose les groupes européens à des risques économiques majeurs, alors que le pays traverse une période de faible croissance.