Foreign media: French luxury giant LVMH is full of confidence in the Chinese market, calling it "the heart of the global luxury market," and has pledged to continue investing.
LVMH believes that Chinese consumers will still be the core force in the global luxury market. LVMH has 46 brands in China, more than 1,800 stores, and about 27,000 employees. In recent years, Chinese consumers' luxury consumption has focused more on experience and quality rather than mere ownership.
Despite a slowdown in overall consumption, the Chinese luxury market has recently shown stable signs, with most brands' performance in the third quarter improving compared to the first half of the year.
Original: www.toutiao.com/article/1847935246580736/
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