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Feb. 8, 2026
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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. David Yurman selects finalists for inaugural $50K design grant
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  3. Ralph Lauren turns to TV to spotlight Olympic fashion
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  5. Qatar Airways, Art Basel kick off partnership in Doha
  6. Champagne Telmont earns Regenerative Organic certification
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  8. Italy’s Pratesi seeks return to old splendor as linens purveyor to the affluent
  9. Emirates updates exterior design for first time in nearly 25 years
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