Cartier owner Richemont posts dip in sales due to Chinese luxury downturnRichemont experienced a 20% drop in net profit due to declining sales in China, affecting the luxury sector significantly.
Swiss watch exports plunge as Chinese demand dries upSwiss watch exports plummeted 12.4% in September, chiefly due to a 50% drop in shipments to China, signaling troubles for the luxury market.
French luxury goods company Kering is having difficulty with their 'main source of income'Kering is facing challenges in renewing Gucci, impacting its profits significantly.
FTSE dips again amid concerns over China slowdown and weak luxury stocksLondon stocks edged lower due to concerns over Chinese economic growth and luxury sector weakness.