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via finance.yahoo.comBusiness & Companies

Is the Birkin bag over? How the Chinese consumer is impacting luxury retail

FROM THE WIRE · FINANCE.YAHOO.COM

Demand for luxury retail is weakening in China as consumers grow more cautious about spending. This spending slowdown is impacting luxury brands like Hermès (RMS.PA) and LVMH (MC.PA). The 8:30 Hosts Julie Hyman, Pras Subramanian, and Jake Conley take a closer look. View Comments

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeaker Chinese luxury demand can weigh on revenues of major luxury brands.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Demand for luxury goods in China is weakening.
  2. 02Chinese consumers are growing more cautious about spending.
  3. 03The slowdown is hitting brands such as Hermès and LVMH.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMC.PAStock388.55 EUR+0.19%today -0.01%Negative Hermès International S.C.A.RMS.PAStock1,286.00 EUR+0.16%today -5.20%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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