Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

LVMH Investors Concerned Over Weak China Demand for Luxury Goods

Somto NwanoluebySomto Nwanolue
October 14, 2024
in News
0
LVMH Investors Concerned Over Weak China Demand for Luxury Goods
Share on FacebookShare on TwitterShare on Whatsapp

The French luxury group, LVMH’s investors are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their “blue funk” causing them to splurge $4,300 on designer leather handbags in anticipation of Singles Day —China’s largest annual shopping spree.

Global luxury bellwether LVMH, whose portfolio covers Louis Vuitton and Dior fashion and accessories, Tiffany & Co jewellery and Sephora cosmetics, will be reporting its third-quarter revenue on Tuesday, October 15 but it is expected that global sales of personal high-end goods – spanning clothing, accessories and beauty products – this year will fall between flat and 4% higher year-on-year, at constant rates, according to the consultancy Bain.

The global slowdown is most noticed in China as the economic uncertainty has taken its toll on middle-class shoppers and compelling those who can still afford luxury hesitant about ostentation.

Analysts at Bank of America have cited the deterioration in sales to the Chinese, who were the primary growth driver in the first half of the year.

Predicting the third-quarter will be the worst for the sector in four years, with a 1% decline in organic sales year-on-year, they also lowered estimates for earnings per share for next year by 17% on average.

Analysts are confident that Chinese shoppers will regain their love for high-end fashion at some point, and that sector forecasts have begun counting on a healthy acceleration in demand from Chinese in 2025.

In a bid to expand its efforts increasing its market share in China, LVMH recently enhanced its partnership with Alibaba to leverage the e-commerce firm’s cloud and artificial intelligence capacities.
Already, LVMH’s travel retail unit, DFS Group, is building a major shopping and entertainment complex on China’s tax-free Hainan island.

Tags: chinafederal characterinvestorsLuxury goodsLVMHLVMH Investors Concerned Over Weak China Demand for Luxury GoodsNews
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis
News

“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

October 25, 2025
Louvre Evacuates Jewels to Bank After Security Failure
News

Louvre Evacuates Jewels to Bank After Security Failure

October 25, 2025
A New Kind of Threat? Murder-Suicide at Ukrainian Station Raises Alarms
News

A New Kind of Threat? Murder-Suicide at Ukrainian Station Raises Alarms

October 24, 2025
Next Post
War Games and Warnings: How Far Will China Go to Control Taiwan?

War Games and Warnings: How Far Will China Go to Control Taiwan?

Four Workers Die in a Fire Outbreak in a Lounge in Lagos

Four Workers Die in a Fire Outbreak in a Lounge in Lagos

TikToker Calls for Action Over Absence of Speed Darlington Since His Arrest

TikToker Calls for Action Over Absence of Speed Darlington Since His Arrest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Budget Padding: Premium Times Investigation Reveals Concerning Findings

Budget Padding: Premium Times Investigation Reveals Concerning Findings

2 years ago
Croatian Police Apprehend Nine Football Fans Linked to Fatal Greece Violence

Croatian Police Apprehend Nine Football Fans Linked to Fatal Greece Violence

2 years ago
Why Salah Must Leave Liverpool this Summer- Enrique.

Why Salah Must Leave Liverpool this Summer- Enrique.

3 years ago
AHAPN protests the FG’s 40% wage increase that excludes pharmacists

AHAPN protests the FG’s 40% wage increase that excludes pharmacists

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

Venezuela’s Maduro says the US is ‘fabricating’ a war against him

Matty Cash Fires Aston Villa Past Manchester City as They Suffer First League Defeat Since August

Eze​‍​‌‍​‍‌ Haunts Former Club as Arsenal Edge Past Crystal Palace to Extend Premier League Lead

The Tariffs Gets Dumber Everyday

Trending

Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92
Government

Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92

byEriki Joan Ugunushe
October 26, 2025
0

It feels almost unreal that in 2025, Cameroon is still wrapped around the same old story, Paul...

Why the Louvre Jewelry Theft Was an Attack on French Fashion History

Why the Louvre Jewelry Theft Was an Attack on French Fashion History

October 26, 2025
Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

October 26, 2025
Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

Dangote Refinery Set to Dethrone India’s Jamnagar, Becomes World’s Largest

October 26, 2025
Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

Details of What Led to Pretty Mike’s Arrest During NDLEA Raid in Lagos Nightclub

October 26, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Arrests Rock Cameroon as Paul Biya Eyes Eighth Term at 92
  • Why the Louvre Jewelry Theft Was an Attack on French Fashion History
  • Bellingham​‍​‌‍​‍‌ and Mbappé Fire Real Madrid to El Clásico Glory Over Barcelona

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com