Daily Cuts

Luxury brands suffer as Chinese growth slows


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China's economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world's top luxury brands. LVMH sales in Asia, which include China but not Japan, fell by 14% in the three months to the end of June, worsening from a 6% decline in the first quarter. What will the industry look like if the situation persists? Hairianto Diman speak with Kapil Dahiya, Technology & Transformation Partner, Deloitte Southeast Asia

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