Why China’s Luxury Boom Is Over

Video Description

The global luxury market has been booming for more than a decade, pushing up the values of companies such as LVMH and Kering. There’s one customer who has been key to that growth: the Chinese consumer. But now, that’s all changed. Here’s why: https://www.bloomberg.com/news/articles/2025-01-21/china-s-luxury-sales-see-biggest-drop-in-a-decade-amid-slowdown?sref=omvmmwIg?utm_medium=social&utm_source=youtube&utm_campaign=originals&utm_content=article #China #Business #Bloomberg -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.