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April 26, 2024
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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. 42pc of American luxury shoppers buying high-end items as 'rewards': YouGov
  2. Mercedes-Benz adds celebrity touch to G-Class rollout
  3. Six Senses wins top 2024 Positive Luxury Award
  4. La Mer appoints first male brand ambassador
  5. Ferrari forges racing partnership with HP
  6. Saks launches retail media network
  7. Porsche named official electric vehicle of 2024 Met Gala
  8. Double-digit growth streak continues at Hermès
  9. YSL Beauty adds Bahamas, Colombia to rewilding project scope
  10. Prada Group sees first quarter sales rise 16pc
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