Luxury Retail Feels the Strain as Coronavirus Spreads Globally

The transcript discusses the significant impact of Chinese buyers on the fashion industry, particularly during Fashion Weeks. It highlights the challenges faced by retailers in deciding which collections to stock without the presence of Chinese buyers and press. The coronavirus pandemic has severely affected luxury sales, with Chinese consumers being a major part of the market. The transcript also covers adjustments made to Fashion Week events, such as live streaming, due to health concerns.

How are luxury goods makers responding to the slowdown in consumption?

What are the expectations for Paris Fashion Week amidst the ongoing health concerns?