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Luxury groups pin hopes on US as China weakness persists

Reuters
Summary
Nutrition label

77% Informative

Luxury goods companies hoping U.S. shoppers will come to the rescue after relying on brisk business from Chinese buyers for decades .

China 's property crisis and sluggish economy are weighing heavily on appetite for designer clothing and handbags, while shoppers in Europe , faced with rising living costs, have also held back on splashy purchases.

LVMH, owner of Louis Vuitton and Dior , kicks off the earnings season for the sector on Jan. 28 .

VR Score

89

Informative language

98

Neutral language

18

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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