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Retail

Asian millionaires take to “revenge spending,” signaling hope post-coronavirus

March 13, 2020

Shopper return to Chanel Shanghai on March 8th. Image courtesy of Agility Research and Strategy 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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  1. Moschino allows consumers to shop the runway during live-stream
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  3. Kering, in transparency move, goes for 100pc traceable organic cotton
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  5. Mercedes introduces electric bike collection
  6. Introducing Luxury Women to Watch 2023
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