Luxury stocks are on the slide again as China's stimulus plans disappoint

Tech Insider
FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner
A lack of fresh information regarding how officials will support China's economy has affected luxury stocks.

Reuters

Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel

Tech Insider : Economy, Economy
Hermes bags and education books being copy and pasted over and over again.

Hermes; Getty Images; Chelsea Jia Feng/BI

See the luxury hotel suite feds say Eric Adams paid only $600 for when the stay was worth $7,000

Tech Insider : Travel, Politics
New Bentley suite debuts at the St. Regis Istanbul (9)
Prosecutors said Eric Adams stayed in the Bentley suite at the St. Regis in Istanbul paying a heavily discounted rate.

St. Regis and Bentley

I toured first-class cars on the Rocky Mountaineer train, where tickets cost $2,269 and come with a luxe bar that's off-limits to other passengers

Tech Insider : Travel, Travel
The author in the two first-class lounge cars on the Rocky Mountaineer.
The author in the two first-class lounge cars on the Rocky Mountaineer.

Monica Humphries/Business Insider

Oracle billionaire Larry Ellison's incredible real estate portfolio includes properties in Silicon Valley, Japan, Hawaii, and more

Tech Insider
larry ellison nobu ryokan
Larry Ellison is the cofounder and CTO of Oracle.

Fred Prouser/Reuters; Barbara Kraft

5 ways rich Chinese Gen Zers are redefining luxury

Tech Insider
Customers enter a Gucci store at Sanya International Duty Free Shopping Complex on June 28, 2023 in Sanya, Hainan Province of China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images)
Chinese consumers' belts have been tightening as the economy falters.

China News Service via Getty Images

Goodbye backpacks. The cool kids are going back to school with a $155 Longchamp tote in hand.

Tech Insider
Longchamp next to school supplies.
Longchamp has been named the "it bag" of the school season.

Longchamp; Jenny Chang-Rodriguez/BI

I had the most luxurious stay of my life in Panama. Now, I want every tropical vacation to include a private island.

Tech Insider : Travel
Isla Palenque is a five-star private island resort off the coast of Panama.
The author outside her casita at the Isla Palenque private island resort.

Monica Humphries/Business Insider

LVMH made a huge splash in its first big Olympics push. The retail giant should do it again, a luxury expert says.

Tech Insider
An employee works on a drawer of one of the leather Louis Vuitton-branded trunks for the Olympic medals
Custom LVMH trunks and medals were among myriad visible reminders of the company's Olympics presence.

Anne-Christine Poujoulat/AFP via Getty Images

These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says

Tech Insider : Economy
Shoppers walk past a French luxury fashion brand Yves Saint Laurent (YSL) store in Hong Kong.
Shoppers walk past a French luxury fashion brand Yves Saint Laurent (YSL) store in Hong Kong.

SOPA Images/Getty Images

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