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Chinese shoppers are spending less on luxury. The world’s biggest fashion houses are feeling the pinch

Marcus Chen
Managing Editor · Monday, October 26, 2026 at 9:27 PM · 1 min read
Chinese shoppers are spending less on luxury. The world’s biggest fashion houses are feeling the pinch — CNA Singapore, Singapore Business news
Image: CNA Singapore

LVMH, Hermes and Gucci owner Kering have reported disappointing results as a prolonged slowdown in China puts further pressure on the luxury industry.

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