Politics

Politics

Taiwan pleased with US aid package, China opposes arms sal…

25-04-2024

  Taiwan's President Tsai Ing-wen expressed satisfaction on Wednesday over the U.S. Congress passing a comprehensive f...

Politics

US Treasury Secretary Yellen advocates fair trade practice…

05-04-2024

  During her visit to China, US Treasury Secretary Janet Yellen emphasized the need for a fair playing field for Ameri...

Politics

Trump authorized covert CIA operation to influence China's…

14-03-2024

  President Donald Trump greenlit a clandestine campaign aimed at manipulating public sentiment in China against its g...

Politics

Taiwan's historic election: William Lai triumphs, cementin…

13-01-2024

William Lai secured the presidency in a groundbreaking election in Taiwan, prompting confetti to shower over the jubil...

Politics

China imposes sanctions on Western defense firms over US a…

08-01-2024

China has imposed sanctions on five Western defense firms in response to the latest series of US arms sales to Taiwan...

 

Investors are preparing for a significant slowdown in luxury sales as luxury companies gear up to report their first-quarter results. This anticipation stems from lackluster demand in China and

comparisons with last year, when the lifting of COVID restrictions in mainland China led to a surge in sales.

LVMH, the world's largest luxury group, will be the first to report on April 16, followed by competitors such as Kering, Prada, and Hermès a week later. Burberry and Richemont are slated to follow in May.

A surprise warning from Kering last month, indicating that first-quarter sales would decline by 10% rather than the anticipated 3% by analysts, has already dampened expectations for the reporting season. Photo by Jorge Láscar from Melbourne, Australia, Wikimedia commons.