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":"c0b6a40476162c0184fd1b592d6fe1af","s":"e492b1c2bc3ce684"}
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