China Economy: Luxury Brands Like LVMH, Burberry Struggle with Slowing Sales | Vantage with Palki Sharma
China's economic deceleration and the government's strict measures on wealth displays are significantly impacting the world's top luxury brands. LVMH reports a 14% decline in sales in Asia, excluding Japan, for the quarter ending in June, a sharp drop from the 6% decline in the first quarter. This trend isn't isolated to LVMH; many luxury competitors are also experiencing a downturn in the world's second-largest economy. Palki Sharma tells you more.
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China | Economy | Luxury Goods | LVMH | Burberry | Weak Growth | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#china #economy #luxurygoods #slowdown #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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