Waning confidence among China's middle class consumers could further undermine sales of global luxury brands, analysts say Liu Fang used to splurge up to 300,000 yuan (US$42,144) each year on luxury ...
LVMH sales unexpectedly fell at its biggest unit for the first time since 2020 as the scale of the pullback in Chinese luxury demand over the past year becomes clearer.
During the heyday of British chic, about 15 years ago, the brogueish and outdoorsy charms of Le Style Anglais and Mulberry’s Alexa satchel were all the rage. Mulberry’s shares were close to £25 then.