European Luxury Firms Turn Positive on China as High-End Cosmetics Show Rebound
Updated
Updated · Bloomberg · Aug 23
European Luxury Firms Turn Positive on China as High-End Cosmetics Show Rebound
3 articles · Updated · Bloomberg · Aug 23
Summary
Europe’s biggest luxury groups are growing more upbeat on China, a crucial market where a fragile consumer recovery is beginning to take shape.
Chinese household consumption is stabilizing, and some categories are already rebounding, with high-end cosmetics cited as an early bright spot.
Bloomberg Intelligence analysts Simbarashe Gumbo and Laurent Douillet said those spending trends are improving sentiment toward China across the luxury sector.
The shift suggests luxury companies see tentative support returning from Chinese shoppers, even as the broader recovery remains uneven.