After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.
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The largest luxury goods conglomerate Louis Vuitton Moet Hennessey (LVMH) – owner of 75 brands including Louis Vuitton, Christian Dior, Moёt & Chandon, Hennessy and Veuve Clicquot – has ...
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Luxury watches and jewellery were hit the most by the spending slowdown, with sales falling more than 30 per cent from the year before, followed by leather goods ... to stop buying luxury items ...