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Coronavirus could affect luxury goods sales to Chinese consumers and travelers

January 21, 2020

Most luxury groups are highly dependent on Chinese consumers, both buying domestically and overseas on travel. Image credit for China map: CIA Most luxury groups are highly dependent on Chinese consumers, both buying domestically and overseas on travel. Image credit for China map: CIA

 

The spread of the coronavirus in China, especially during the busy Lunar New Year season, may affect tourism and luxury consumption in that market, threatening near-term revenue for leading European luxury houses.

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