Retail
March 13, 2020
Shopper return to Chanel Shanghai on March 8. Image courtesy of Agility Research & Strategy
By Dianna Dilworth
While the outcome of coronavirus has shaken Asian markets, millionaires from that region are returning to stores and the hospitality sector with an appetite for luxury and a new form of so-called “revenge spending.”
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","iv":"4cb5772a6516ab79837647b8b733e1b7","s":"76dcbfc42a26bd64"}
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