Global Brands Struggle in China’s Market Amid Post-Pandemic Slowdown
Global brands are facing serious challenges in China. Companies like LVMH, Gucci, Nike, and Starbucks are struggling. Recent reports indicate. Key Points: 1. LVMH reported a 3% decline in Q3 sales. 2. Gucci’s parent company, Kering, saw a 7% drop during the same period. Many prominent brands are losing their foothold in the Chinese market…