Latest News for: China luxury market

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Shanghai greets eager visitors from luxury cruise liner

China Daily 27 Apr 2024
Built at a cost of $1.25 billion, the 168,000-gross-tonnage luxury cruise liner was tailor-made for the China market in 2019, and can accommodate a maximum of 5,064 guests ... ships to the China market.
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Battle for ‘tech luxury’ in China as EVs get smarter

GDN Online 26 Apr 2024
The battle for consumer attention in China’s electric car market is being fought over touches of ‘tech luxury’ that car buyers in other markets have never seen ... In China, the price of ...
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Lamborghini deepens ties with China as it goes electric

People Daily 26 Apr 2024
According to Andrea Giuricin, head of TRA Consulting and analyst on automotive markets, the presence of a luxury car brand like Lamborghini at Auto China Beijing is important, even if only a tiny ...
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5 cars from the Beijing auto show that reflect China's vision for the future of driving

Naharnet 26 Apr 2024
An EV boom in China that started three years ago has eaten into the market for gasoline-powered cars, but they are not dead yet ... high-end market in China, defined as 1 million yuan ($140,000) and up.
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5 cars from the Beijing auto show that reflect China’s vision for the future of driving

Wtop 26 Apr 2024
An EV boom in China that started three years ago has eaten into the market for gasoline-powered cars, but they are not dead yet ... high-end market in China, defined as 1 million yuan ($140,000) and up.
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Mercedes-Benz spotlights electric, digital excitements at Auto China show

China Daily 25 Apr 2024
Underlying Mercedes' solid development in China's luxury market and featuring 21 models, the company's presence at the April 25 — May 5 show at Beijing's China International Exhibition Center is led ...
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Gucci's owner is having a terrible year. The company's profit and stock have slumped as ...

Business Insider 24 Apr 2024
... consumer slowdown.Gucci, Kering's largest brand, suffered an 18% revenue decline, with a sharp drop in Asia.The luxury goods market in China is struggling, and Kering's been hurt worse than its peers.
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Gucci owner Kering's shares sink after profit warning

Korea Times 24 Apr 2024
Kering said Tuesday that its sales fell by 11 percent in the first quarter, citing tough market conditions, particularly in China, a major consumer of luxury goods ... Luca Solca, luxury sector analyst at ...
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Profit fears as Gucci sales plunge

Hong Kong Standard 24 Apr 2024
The warning prompted concern in the luxury sector about prospects for China's rebound - traditionally Gucci's most coveted market - which has been clouded by a property crisis and high youth joblessness.
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Gucci-owner Kering forecasts up to 45% drop in profit

Business Day 23 Apr 2024
The warning prompted concern in the luxury sector about prospects for China’s rebound — traditionally Gucci’s most coveted market — which has been clouded by a property crisis and high youth unemployment.
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General Motors lifts 2024 profit forecast after strong Q1

Guam Pacific Daily News 23 Apr 2024
GM's strength in its home market helped offset an ... "Over the long-term, we're committed to China," said Barra, who pointed to the "luxury premium" segment as an area of strength for GM in the market.
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L'Oreal sales rise 9.4% as mass market makeup outshines luxury

RTE 19 Apr 2024
L'Oreal has the biggest share of China's luxury beauty market, or about 34%, chief executive Nicolas Hieronimus told analysts on a call ... The company grew 6.2% in China, compared to less than 1% in the broader market, he said.
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Swiss watch exports plunge as Asian demand dries up

GDN Online 19 Apr 2024
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged ... Shipments to China, the second ...
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LVMH sales growth slips on luxury spending slowdown

RTE 17 Apr 2024
... by the lifting of Covid-19 curbs in LVMH's key market of mainland China and comes amid worries about a prolonged global slowdown which has knocked shares in luxury companies over the past year.
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