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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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  5. Will we have MOVID or NOVID?
  6. Veuve Clicquot spotlights vegetables, pairings in Garden Gastronomy series
  7. Land Rover focuses on modern luxury, sustainability
  8. Day's wrap: Richemont, Ritz-Carlton, DFS Group, Bulgari and PVH Corp.
  9. The Douyin KOL helping luxury tap China’s lower-tier cities
  10. Rolls-Royce, Omega, InterContinental and World Bee Day
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