LVMH investors hopeful of stimulus-induced China rebound
Investors in French luxury giant LVMH are watching closely for signs that China’s new fiscal stimulus measures might revive spending among wealthy and middle-class Chinese shoppers, particularly ahead of Singles’ Day, China’s biggest shopping event. LVMH, reporting its third-quarter results soon, has seen a slowdown in sales, especially in China, due to economic uncertainty. Analysts predict a 1% drop in organic sales for the sector, with Chinese luxury demand expected to rebound in 2025. Meanwhile, LVMH is expanding its market share in China, leveraging partnerships with Alibaba and building a retail complex in Hainan.