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Retail

If Evergrande fails, it is taking global luxury brands with it

November 5, 2021

Evergrande, which drove much of China’s property boom, now finds itself straddled with $300 billion of debt. If Beijing doesn’t come to the rescue, will Evergrande’s collapse spark a financial crisis? Image credit: Shutterstock Evergrande, which drove much of China’s property boom, now finds itself straddled with $300 billion of debt. If Beijing doesn’t come to the rescue, will Evergrande’s collapse spark a financial crisis? Image credit: Shutterstock

 

By Marc Einsele

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  1. Chef Yotam Ottolenghi to debut first Netherlands restaurant at Mandarin Oriental Amsterdam
  2. Matches plots second act under new ownership
  3. Burberry, EssilorLuxottica renew licensing deal
  4. Longines announces latest Ambassador of Elegance
  5. Lamborghini heads to French Alps for women-led driving series
  6. Chanel unleashes ‘From Dream to Reality’
  7. Harrods announces key leadership appointment
  8. Ennismore picks Bangkok site for first-in-region SLS Residences
  9. Diptyque plays with the surreal in holiday tale
  10. Guerlain Spa to launch aboard Orient Express Sailing Yacht
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