Fears of a slowdown amongst Chinese language consumers have dogged the posh trade for the higher a part of a yr. Final week the dimensions of the issue hit residence for one in every of style’s largest however most uncovered manufacturers, Gucci.French group Kering SA noticed $9 billion wiped off its market worth after warning that gross sales of the Italian label’s merchandise in China have slumped this quarter. The slowdown can also be beginning to present up in different corners of the posh trade.