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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. Louis Vuitton introduces Visionary Journeys Seoul
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  3. Estée Lauder Cos., Jo Malone launch AI scent advisor
  4. WatchBox looks for growth in editorial integration
  5. Luxury Women to Watch 2017
  6. Dior builds five-story statement flagship in Beijing
  7. Kering to acquire jewelry manufacturer Raselli Franco Group
  8. Savannah College of Art and Design debuts SCAD LUXE research center
  9. Lamborghini heads to French Alps for women-led driving series
  10. In conversation with Hong Kong property and hotel mogul Adrian Cheng
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