Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login London | From luxury brands to carmakers, European companies are taking a hit from China’s slowdown, and more trouble is coming for businesses heavily reliant on demand in the Asian economic giant. Hugo Boss, Burberry Group and Daimler Truck Holding are among the high-profile names whose bottom line has been hurt by customers there turning more cautious.
LVMH joined the growing list late on Tuesday (Wednesday AEST), reporting that sales in the region that includes China dropped 14 per cent in the second quarter. Bloomberg Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.
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