LVMH Warns of Luxury Shopping Slowdown Among Chinese Customers

LVMH warns of luxury shopping slowdown among Chinese customers

The luxury giant flagged weaker demand as would-be shoppers pull back on travel and high-end splurges.

Luxury brands that raised prices during the pandemic are seeing sales slip

The most exclusive luxury brands are starting to feel the pinch—especially those that pushed prices too far during the pandemic, The Wall Street Journal writes.  Christian Dior and Chanel, which hiked prices in excess of 50% from 2020 to 2023, both reported notable revenue declines. Dior underperformed within parent company LVMH’s fashion division, while Chanel saw sales fall 4% and profits plunge nearly 30% in 2024. By contrast, Hermès and Rich…

What Luxury Brands Need To Know in 2025

Luxury isn’t the gilded playground it once was. After years of steady growth, especially in China and the US, cracks are beginning to show. Consumers are becoming more cautious, economic pressures are biting, and the old rules don’t seem to apply anymore. In short, the game has changed. Based on insights from this year’s Walpole Luxury Summit, here’s a look at what’s shifting — and what luxury brands can do about it, especially when operating in…