Why analysts are predicting a “steep slowdown” in luxury sales

Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand and comparisons with last year when the lifting of Covid curbs in mainland China boosted sales. LVMH, the world’s biggest luxury group, is first to report on April 16, followed by rivals Kering, Prada and Hermes a week later. Burberry and Richemont follow in May. A surprise warning from Kering last month that first-quarter sales would be

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