Wednesday January 22, 2020

Big trouble for luxury brands in China

Top brands have reined in their growth expectations as cash-rich Chinese customers curb their shopping sprees

4th November, 2018
2
One of Louis Vuitton’s Chinese outlets: luxury stocks are down as Chinese consumers cut back on their retail therapy

Under the stained glass dome of the Galeries Lafayette department store in central Paris, Chinese shoppers form an orderly line outside the Louis Vuitton boutique for their turn to pick up a coveted monogram canvas bag. Next door at Printemps, shop windows are plastered with promotions for Golden Week, when more than six million Chinese travel abroad and lay out billions of euro for luxury indulgence.

Ordinarily, these scenes would make luxe purveyors rejoice –...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

He was once the garlanded saviour of Nissan. So how did Carlos Ghosn find himself a fugitive after one of the most glittering careers in the history of the car industry?

Barry J Whyte | 3 days ago

Our goal in the west should be to encourage the country’s leaders to make its economy more competitive, open and transparent

Vincent Boland | 3 days ago

Inflation figures do not measure the cost of living, and in our hyper-globalised economy it’s not always easy to count what’s real and what’s not

Aidan Regan | 3 days ago