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25-03-2024, 01:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Gucci’s China shock reverberates across the luxury landscape
Published Mon, Mar 25, 2024 · 6:30 am
FEARS of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci.
French group Kering saw US$9 billion wiped off its market value after warning that sales of the Italian label’s products in China have slumped this quarter. The slowdown is also...
Read more (https://www.sammyboy.com/threads/china-communist-terrorists-reject-western-luxury-goods-or-they-have-no-money-to-buy-luxury-goods-u-decide.361181/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/china-communist-terrorists-reject-western-luxury-goods-or-they-have-no-money-to-buy-luxury-goods-u-decide.361181/).
Gucci’s China shock reverberates across the luxury landscape
Published Mon, Mar 25, 2024 · 6:30 am
FEARS of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci.
French group Kering saw US$9 billion wiped off its market value after warning that sales of the Italian label’s products in China have slumped this quarter. The slowdown is also...
Read more (https://www.sammyboy.com/threads/china-communist-terrorists-reject-western-luxury-goods-or-they-have-no-money-to-buy-luxury-goods-u-decide.361181/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/china-communist-terrorists-reject-western-luxury-goods-or-they-have-no-money-to-buy-luxury-goods-u-decide.361181/).