The Chinese are not spending, sales of luxury brands are falling – News of the world
Several reasons can be found behind the drop in Estée Lauder shares based on the release of the company’s financial results for the third quarter. Revenue fell four percent year-on-year to $3.36 billion (CZK 78.4 billion), with the company admitting that the recovery in consumer demand in China was slower than expected. So sales in … Read more