China slowdown could burst luxury goods bubble

A eurozone in the doldrums and a slowdown in China could herald challenging times for the seemingly recession-proof luxury goods market, writes Tina-Marie O'Neill.

14th July, 2012
China slowdown could burst luxury goods bubble
Burberry is counting on the Chinese market. Photo: Bloomberg

A eurozone in the doldrums and a slowdown in China could herald challenging times for the seemingly recession-proof luxury goods market.

More pressing, however, is the possibility that a slackening of China's breakneck growth rate will have a knock-on affect here for index-linked investment funds and higher value boutique exporters that ship to Asia.

Last week, luxury goods group Burberry posted sales growth that was marginally lower than expected for the first quarter, spooking investors...

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