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Prada, Gucci, Louis Vuitton Brace For Sales Slump As China's Economic Turbulence Hits Luxury Market
Tuesday, April 9, 2024 - 4:37am | 732The luxury goods industry is preparing for a substantial decline in sales, attributed to China’s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year. What Happened: Investors are bracing for a sharp fall in sales as luxury brands reveal...