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The best luxury brands rarely go on sale. Not so their share prices.
Valuations across the sector have tumbled on a deteriorating Chinese economy and sluggish US demand. But investors with a long-term view may be able to salvage something from the bursting of the bling bubble.
The hoped-for rebound in top end goods this year has yet to materialise. The next few months, and into 2025, look tricky. The main culprit is China, whose shoppers accounted for 23 percent of the global personal…
