China's Luxury Market Shift: Why LVMH and Kering Are Losing Their Luster
![China's Luxury Market Shift: Why LVMH and Kering Are Losing Their Luster](https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-528009880-e1739292968684.jpg?resize=1200,600)
In a shocking turn of events, China's affluent consumers are changing their spending habits, and it's bad news for luxury giants like LVMH and Kering. After investing billions in the Chinese market, these companies are now facing a decline in loyalty ...Read more