Weak Chinese demand expected to impact luxury sector in second half, likely negative for individual stocks.

From Google: 2024-09-20 05:54:20

Luxury sector facing challenges in second half due to weak Chinese demand, according to Jefferies. This is expected to impact sales and profitability for luxury brands. Companies may need to adjust strategies to navigate these challenges and maintain growth. Chinese demand is a key driver in the luxury sector, with implications for global sales.



Read more at Google: Weak Chinese demand likely weighing on luxury sector in second half – Jefferies – Investing.com