Podknife - For Luxury Brands, ‘China Is the New China’ by WSJ What's News

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For Luxury Brands, ‘China Is the New China’

Podcast |: WSJ What's News
Publisher |: The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Daily News,; News
Publication Date |: Jul 25, 2024
Episode Duration |: 00:14:33

A.M. Edition for July 25. Middle-class Chinese consumers are reining in their spending amid broader economic malaise in the country. WSJ luxury goods reporter Nick Kostov says that’s denting earnings across luxury-goods brands, but that the industry is doubling down on its efforts to attract customers there. Plus, President Biden signals he has more work to do despite ending his reelection bid. And the NBA inks landmark TV and streaming deals. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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