Disney, Tapestry, Monterey, and University Endowments (Podcast)
Bloomberg Intelligence
00:00
The Consolidation Wave in the Luxury Space
The Chinese consumer, which has been driving a lot of the luxury buying, has been slowing down as well. The news coming out of China is they're basically going to let the people move about going anywhere they want. And I hope to see our Chinese shoppers on Fifth Avenue, on Madison Avenue, like we used to, pre-pandemic. Because those folks have money and they like to spend on the luxury brands.
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