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Op-Ed | Banking Crises Are a Bad Look for Louis Vuitton and Gucci

The recent banking drama, starting with Silicon Valley Bank earlier in the month and spreading to Credit Suisse Group AG last week, has roiled markets, sparking fears of further contagion.
Louis Vuitton 'Petite Malle' bag.
With European and US consumers under pressure, there is even more need for Chinese shoppers to pick up the bling baton. (Shutterstock)

When a butterfly flaps its wings on a Gucci bag in San Francisco, shoppers in Shanghai feel the breeze.

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