China's luxury slump is trickling down to other consumer companies

China's luxury slump is trickling down to other consumer companies

Cheng Xin/Getty Images

For the better part of this year, China has experienced a slump in the most opulent of sectors. Sales for luxury powerhouses like LVMH, Richemont, and Burberry have fallen in the region that once seemed to represent limitless growth for high-end goods.

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