Markets
7.4
Luxury sector loses €250bn market value as China demand weakens
Published 1 d ago1 sourceEvidence: Reported
SeverityHighAssessedDeveloping storyFinancial TimesCN · FR · IT
L'Oréal reports sales growth driven by strong demand in China, while Hermès and Kering see slower sales due to China's impact and the Iran war. The divergence highlights uneven luxury demand amid geopolitical tensions.
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