Chinese consumers travel and spend less, LVMH deupty CEO says
FILE PHOTO: Stephane Bianchi, LVMH Group Managing Director, attends the annual shareholders meeting of LVMH Moet Hennessy Louis Vuitton in Paris, France, April 17, 2025. REUTERS/Gonzalo Fuentes/File Photo
PARIS :French luxury group LVMH has noticed Chinese consumers have been travelling and spending less over the past three months, Deputy CEO Stephane Bianchi said on Wednesday.
Demand in the United States, however, showed some first signs of a rebound, but as long as trade tensions with the European Union over threatened tariffs are not being eased, the climate will remain difficult, he added.
Source: Reuters
