Op-Ed | Big Luxury Frets That China Is Turning Japanese

Even LVMH Moet Hennessy Louis Vuitton SE, the world’s most resilient luxury conglomerate, is feeling the chill. And as so often, the wind is blowing from the East.

The Paris-headquartered owner of Louis Vuitton and Dior reported a 1 percent increase in sales in the second quarter which, except for the early days of the pandemic, is the lowest level of growth since the depths of the Global Financial Crisis in 2009. Its operating margin…