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Luxury giants bank on Chinese return as Western shoppers sober up

by admin
January 23, 2023
in Business
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  • Luxury sector is seen among largest winners of China’s reopening
  • LVMH kicks off sector’s earnings reports on Thursday
  • Some Americans are cutting back on discretionary purchases

PARIS, Jan 23 (Reuters) – The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as Beijing relaxes COVID curbs after three long years.

Quarterly results…



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