New creative director Daniel Lee's first designs for store and online earned praise at the showcase event, but away from the catwalk investors appear more guarded.
Their caution reflects uncertainty over China, a point highlighted today by Deutsche Bank after it downgraded its price targets on several luxury goods stocks including Burberry, Richemont and LVMH. The bank said: "The Chinese consumer remains the key driver of the sector and we expect a slowdown.
This story is from the September 20, 2023 edition of Evening Standard.
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This story is from the September 20, 2023 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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