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Government

Brexit referendum poses economic questions short- and long-term for luxury spend

June 17, 2016

 

By Forrest Cardamenis

London.185As the United Kingdom prepares to vote on the European Union referendum on June 23, what impact would an exit have on luxury?

Recent polls have shown a majority support for exiting the EU, with undecided voters swaying heavily in that direction and upending initial projections. The uncertainty that Britain’s exit would cause for the nation, Europe and the U.S. suggests challenges and eroded confidence among consumers in the short-term, with longer-term effects difficult to project.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Kering to acquire jewelry manufacturer Raselli Franco Group
  3. Exclusive Resorts purchases Inspirato for $59M
  4. Savannah College of Art and Design debuts SCAD LUXE research center
  5. Lamborghini heads to French Alps for women-led driving series
  6. Ennismore picks Bangkok site for first-in-region SLS Residences
  7. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  8. Dior builds five-story statement flagship in Beijing
  9. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
  10. What’s at the end of the catwalk? Overtime pay, lunch breaks and other worker protections
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