Luxury Stocks Soar with Chinese Resurgence
Chinese Resurgence A comeback in Chinese spending may lead to additional gains for Europe’s glitzy luxury stocks, the region’s top stock market performers in 2023, but for others, the sector is beginning to appear costly. Richemont, a Swiss jewelry manufacturer, and French luxury powerhouse LVMH, which owns Louis Vuitton, have benefited from their wealthy clients’…