Newsfeeds Archive - Spark Newswire

2 minute read

Slump In Chinese, Hong Kong Demand Sends Swiss Watch Exports Plummeting: ‘Negative Trend Is Even Worse Than We Expected,’ Says Analyst

April 18, 5:32 AM

The exports of Swiss watches have recorded their most substantial drop since 2020, with a significant decrease in demand for high-end timepieces in key markets such as China and Hong Kong.

CFRUY

2 minute read

Prada, Gucci, Louis Vuitton Brace For Sales Slump As China’s Economic Turbulence Hits Luxury Market

By Benzinga Neuro

April 9, 4:37 AM

The luxury goods industry is preparing for a substantial decline in sales, attributed to China's subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year.

BURBY