Lina Khan's Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in …
Chinese Run out of Money, Luxury Sales Plummet: Hermès, Chanel, Gucci Stores Deserted
Judging from the Hermès bags' second-hand market situation in the video, Chinese consumers' purchasing power for luxury goods is decreasing. This trend of rapidly declining purchasing power began last year.
