How Miu Miu escaped the luxury slowdown which hit LVMH, Gucci and Watches of Switzerland

City AM

How Miu Miu escaped the luxury slowdown which hit LVMH, Gucci and Watches of Switzerland

A profit warning from Gucci, fall in revenue from Watches of Switzerland, and a stall in sales at LVMH have investors asking whether luxury companies have hit a stumbling block. One firm is proving to be a bit of an exception however. The malaise at luxury companies has been generally blamed on an economic downturn in China, with demand squeezed as shoppers have less disposable income to spend on handbags on watches.  “Mainland China is proving …