Accueil » LVMH and Chanel hit by current Chinese Covid-19 lockdowns LVMH and Chanel hit by current Chinese Covid-19 lockdowns What will be the effects for the Chinese luxury sector of inflation combined with the severe lockdown over the last two months? A recent study from Daxue Consulting provided some answers. Through Sophie Baqué. Published on 07 June 2022 à 10h40 - Update on 21 October 2022 à 21h32 Resources … Daxue Consulting reported on June 1st that Chinese consumers have cut back on non-essential spending and uncertainty is driving up savings. In March 2022, retail sales in China fell by 3.5% and then by 11.1% in April (annual change). This was the biggest drop since March 2020,… Sophie Baqué