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Luxury Sales Plunge in China as Tax Push Hits Rich Shoppers

Summary by Business Times
Sales at the 25 biggest luxury labels in China dropped more than 10% in July Read more at The Business Times.

3 Articles

Die PresseDie Presse
Lean Right

Louis Vuitton, Gucci & Co: Rich Chinese Always Give up...

At the beginning of the year, it looked like a recovery for Western luxury brands in China. However, sales suddenly collapsed in July.

·Vienna, Austria
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Business TimesBusiness Times

Luxury sales plunge in China as tax push hits rich shoppers

Sales at the 25 biggest luxury labels in China dropped more than 10% in July Read more at The Business Times.

·Singapore, Singapore
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大纪元 Epoch Times大纪元 Epoch Times

Luxury Goods Sales in China Have Declined Sharply Due to the Impact of Chinese Taxation.

(File photo: Thai actress Ann Thongprasom displays a bag at the Louis Vuitton SEE LV exhibition in Sydney on November 3, 2022. (Lisa Maree Williams/Getty Images))

·New York, United States
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Die Presse broke the news in Vienna, Austria on Thursday, August 20, 2026.
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