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The luxury market outlook remains uncertain in the US and China

The luxury fashion industry is grappling with significant market uncertainties, particularly as the crucial Chinese and US markets encounter challenges. Despite LVMH's robust revenue postings - with its performance seen as indicative of broader luxury sector trends - concerns persist about a potential replay of the boom and bust cycle witnessed...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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