With Chinese shoppers turning away from high-end purchases, maisons like Louis Vuitton and Burberry are eyeing the US. They are counting on the famous ‘wealth effect’ of enlarged stock portfolios. But what happens if America’s AI bubble bursts and sends that dynamic into reverse?
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.