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":"dbf10cf87ecae678539cebb70938823b","s":"590a426a25c29f5f"}
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