LVMH’s cautious sale outlook is potential early warning for the rest of the luxury goods industry

After recovering from a steep downturn in 2020, luxury is benefiting in particular from the appetite among millennial and Gen Z Asian shoppers

Bored after months of strict social distancing measures and unable to vacation overseas, wealthy Chinese consumers are seeking comfort in retail therapy

LVMH, Kering saw steep declines globally, but a strong second quarter rebound in China

Sichuan Trust fails to secure new funding from shareholders; Hong Kong expands foreign access to mainland stocks; Dalian outbreak spreads to 4 more regions

Troubled Shandong Ruyi has lost the backing of LGFV last week and is on the hook to repay 2.9 billion yuan in domestic bonds by the end of this year

LVMH Moet Hennessy, Hermes report their China stores have returned to growth after reopening from months-long shutdowns during Covid-19 outbreak

While Apple and Volkswagen warn of softness in China, other companies are sounding more bullish, including fashion brands appealing to affluent consumers

Shares tumble in Japan, Europe amid talk of authorities looking for travelers returning with suitcases of high-end goods