Dior CEO says no China slowdown at Paris Fashion Week
PARIS (REUTERS) - French fashion brand Christian Dior sees no sign of a slowdown in China, and trends in Europe and the United States (US) remain positive, its head said on Friday.
The upbeat comments from the biggest fashion brand within the Moet Hennessy-Louis Vuitton (LVMH) stable followed a buoyant trading update on Monday from Prada Chief Executive Patrizio Bertelli, who said Chinese demand remained strong and warned about "hysteria" over a downturn in demand for luxury goods.
Rival French brand Lanvin also said it was not seeing any weakness in Chinese demand, contrasting with rivals Burberry and Tiffany, which warned about a slump in recent months, suggesting the global luxury market might be entering a slower growth phase.
"We don't feel a slowdown in China," Christian Dior CEO and Chairman Sidney Toledano told Reuters after a presentation of the brand's spring/summer 2013 collection.