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Luxury brands lower prices as China tries to stimulate economy

April 3, 2019

Louis Vuitton is among the luxury brands that have cut prices in China. Image credit: Louis Vuitton

 

By Sarah Ramirez

With cuts in China’s value-added tax now in effect, luxury brands are reportedly responding by lowering their prices as the government hopes to reinvigorate the world’s second-largest economy.

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  1. Will daigou help brands survive COVID-19?
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  3. How PR can help you salvage the second half of 2020
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  5. Kering publishes first biodiversity strategy as part of ambitious sustainability push
  6. Bentley, Rosewood Hotels, Asian wealthy, Rolls-Royce, Louis Vuitton and Walpole
  7. Cartier turns to China, South Korea for upgraded Pasha de Cartier watch launch
  8. Subscribe now: Full access to 90,000+ articles, reports, videos and images
  9. Tiffany commits extra $2M to COVID-19 recovery with Tiffany Infinite Strength campaign
  10. Off-price – Luxury Memo special report
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