China’s luxury market could be nearing the end of its slowdown, as improving stock prices and pent-up demand begin to lift consumer sentiment, according to analysts.
“This may be wealth-effect related as the China stock market has risen alongside some pent-up buying,” said Lorraine Tan, director of equity research, and Kai Wang, Asia equity strategist. “The question is whether it can be sustained.”
LVMH, the world’s largest luxury group, echoed that cautious optimism after reporting its first…