Luxury struggles: US will spend less, slow recovery in China

Luxury struggles: US will spend less, slow recovery in China

Luxury struggles. Those expecting a recovery will have to think again, at least for now, because the scenario has become even more complicated. Consumer confidence in the US has weakened, while there is a slight improvement in China. Result? Bank of America has lowered its forecasts for luxury revenue growth in the first quarter 2025…

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