The luxury market is facing an unprecedented slump; here's why!
The luxury market is experiencing a significant decline, highlighted by LVMH's slowing sales growth. Contributing factors include economic uncertainty, China's slowdown, and post-pandemic spending changes. This has impacted stock values, consumer behavior, and operational strategies.
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Jul 26, 2024
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The luxury market is experiencing a significant decline, highlighted by LVMH's slowing sales growth. Contributing factors include economic uncertainty, China's slowdown, and post-pandemic spending changes. This has impacted stock values, consumer behavior, and operational strategies.
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