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Doubts about the country’s post-pandemic recovery is making investors, and perhaps shoppers, nervous.
Where’s the party?
Photographer: ISAAC LAWRENCE/AFPAndrea Felsted
Fresh from their tumble last week, European luxury stocks have suffered another fashion faux pas.
The concerns that sent shares lower on Wednesday center on the risk that that the C-shaped recovery — the wave of demand from China since its post-pandemic reopening — is starting to deflate. This would arguably be even more serious than the slowdown in the US luxury market that unnerved investors last week.
