Luxury stocks may yet lose lustre despite China's taste for Vuitton
Share:
PARIS (Reuters) - Even if LVMH is right that Chinese demand is as strong as ever for items like its $3,150 Louis Vuitton mini-backpacks, there are still plenty of danger signs for luxury stocks this year, from slowing U.S. growth to a drop in Swiss watch exports.LVMH's reassuring fourth-quarter performance and outlook put paid to fears for now that demand in China is stalling and lifted shares at European luxury peers on Wednesday, who depend on Chinese consumers for a third of sales.But hints..