LVMH investors jittery over China demand

Quick Summary:

PARIS: Investors in French luxury group LVMH are eager for signs that China’s new financial stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on US$4,300 designer leather handbags ahead of Singles Day, China’s largest annual shopping spree.

The French company is scheduled to release its earnings report today, amid concerns about luxury goods spending in China.

Analysts are confident that Chinese shoppers will regain their appetite for high-end fashion at some point, with Jefferies noting sector forecasts are already counting on a healthy acceleration in demand from Chinese in 2025.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapanSingapore

Topics: /Business/Business News LVMH Dior Stimulus Louis Vuitton Consumer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23059139

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