LV Price Increases Chinese Tourists Can't Get Bargains In Europe.
Because
LV
MH and its peers raised their prices and decided to buy half the price in Europe.
Designer clothes
Chinese tourists with accessories are hard to buy cheap brand name clothing and accessories in Europe at present.
CACheuvreux Luca Solca, head of European Securities Division, said: "luxury companies can not continue to maintain the current price difference, although this price difference is a pillar for the luxury industry in the past 20 or 25 years, but this price gap can no longer continue to be maintained." Luca
We expect luxury goods companies to gradually narrow the price gap, which is likely to narrow the price gap by increasing the prices of products outside Asia.
The market is expected to see China this year.
Luxury goods
The industry's contribution to growth is 1/3, but the decline in revenue growth has led to a certain risk for the profitability of luxury enterprises.
It is estimated that the pre tax profit of luxury enterprises in China accounts for 40% of luxury goods sales, while that in Europe is 25%, which is mainly due to lower rent in China.
Belgi (Antoine Belge), a HSBC Holdings analyst, said tourists (mostly from China) contributed 35% to 60% of European luxury sales.
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