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Retail

If Evergrande fails, it is taking global luxury brands with it

November 5, 2021

Evergrande, which drove much of China’s property boom, now finds itself straddled with $300 billion of debt. If Beijing doesn’t come to the rescue, will Evergrande’s collapse spark a financial crisis? Image credit: Shutterstock Evergrande, which drove much of China’s property boom, now finds itself straddled with $300 billion of debt. If Beijing doesn’t come to the rescue, will Evergrande’s collapse spark a financial crisis? Image credit: Shutterstock

 

By Marc Einsele

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  1. Estée Lauder Cos., Jo Malone launch AI scent advisor
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  4. St. Regis Estates to premiere in 2027
  5. Dior’s ‘Lady Art’ project turns 10
  6. Hyatt names global lead for luxury brands
  7. Fendi reveals holiday window displays
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