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First revenge buying, then panic selling. Is China’s luxury fever cooling down?

Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof? Image credit: Shutterstock Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof? Image credit: Shutterstock

 

By Lisa Nan