Tag: Economic slowdown in China

Why 2024 Ought to Be the Year of Rightsizing Luxury

Geeta SundaramLeave a comment

A small bit of news during Q3 2023 corporate earnings struck me as curious. That luxury goods sales were slowing down. And not merely because of China’s economic slowdown, but luxury sales even in the US were reported to be lacklustre. If anything, China was still the saving grace. And it’s not just LVMH; Kering… Continue reading Why 2024 Ought to Be the Year of Rightsizing Luxury

The Locked-Down Giant Awaketh

Geeta SundaramLeave a comment

China has begun the New Year, 2023, by reopening its economy and freeing its people from the harsh Covid-19 lockdown conditions they had been under for the past couple of years. It had to happen sooner rather than later, I thought. Either the world’s second largest economy would cave in, forcing the government to abandon… Continue reading The Locked-Down Giant Awaketh