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HK protests, China slowdown take sparkle off luxury market

Bain predicts that the China market will contract for the first time ever this year

LVMH, owner of brands like Louis Vuitton, saw its sales drop by 3 per cent in Asia, excluding Japan, in the third quarter of 2014, a far cry from the halcyon days of 2010-12.


PROTESTS in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms.

LVMH, world number-one in the sector and owner of brands like Louis Vuitton, Givenchy and Dior, saw its...

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