China’s luxury, spirits, & retail sales decline sharply
Edited By WION Video Desk
Published: Feb 07, 2025, 05:15 IST | Updated: Feb 07, 2025, 05:15 IST
China’s weak consumer demand is putting pressure on global companies, with major brands warning of a prolonged slowdown. French spirits giant Pernod Ricard saw a 25% drop in china sales, while Carlsberg reported the country’s beer market shrank 4 to 5% in 2024.
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