FIRST AIRED: February 12, 2019

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00:00:00
Chinese shoppers still love Europe's luxury brands or at least that seems to be the message from earning season Guccione caring reported its quarterly numbers on Tuesday and is just the latest big name to defy fears of a demonstrably down like for like sales up by almost a quarter to over four billion dollars now it's mounting cash pile has analysts all skin if it's thinking about acquisitions caring also owns cyma role and both take of Aneta but eighty percent of its sales come from Italian brand Gucci it's been one of the fastest growing fashion labels in recent years that'll drive flamboyant revamp on the design Alassane Dramane Kaylee it's now neck and neck with Chanel in the race to catch up with the luxury market leader LVMH owned Louis V. tell Karen says still down around sixty percent from last June's peak flow the whole luxury sector has dropped on fears of waning Chinese the moment and the impact of a trade war of the bumper numbers from LVMH in January caring zoning suggest those fears may have been premature