Luxury firms face tariff hit as recession fears mount
Publishing timestamp: 2025-04-10 05:40:01
Summary
European luxury brands may initially be sheltered from U.S. tariffs, but risks of wider economic downturn could delay sector's recovery. High-end fashion groups may struggle to pass on increased import costs to consumers, and a global recession could further impact sales. Analysts are lowering growth expectations for the luxury sector.
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Source: https://www.cnbc.com/2025/04/10/luxury-firms-face-tariff-hit-as-recession-fears-mount-.html