The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending
Analysis by Anna Cooban, CNN London (CNN) — The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. First-half sales at Bernard Arnault’s luxury powerhouse LVMH, the owner of Louis Vuitton and Christian Dior, dropped 10% year
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