Connecting Louis Vuitton’s stock prices with a border crackdown in China may seem farfetched, but apparently it’s not. Chinese customs officials are taking a harder look at the luggage and undeclared purchases of its citizens abroad. In particular, Chinese travelers returning from Paris, London and Tokyo are reportedly subject to more intensive searches for suspect suitcases full of luxury goods – whether for personal use or resale. Tales fo the inspections surfaced on social media and led to a downturn in share price of Louis Vuitton’s parent company LVMH.
For more, read https://www.bloomberg.com/news/articles/2018-10-10/lvmh-falls-as-it-confirms-china-border-crackdown-on-luxury-items
- Maura Carlin posted 6 years ago
