Handbags for sale in the window of a Dior boutique in Paris. Photo: Bloomberg
LVMH and Kering are expected to report another drop in quarterly sales, deepening investor worries about a prolonged downturn in the US$400bil (approximately RM1.7tril) luxury market as brands face the threat of hefty US import tariffs.
The results, kicking off with LVMH on Thursday (July 24), will likely show that any revival in demand for pricey fashion in the key US and Chinese markets remains elusive.
