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Commerce

What does the Chinese currency devaluation mean for the luxury industry?

August 12, 2015

Chinese consumers may spend less on luxury with the devaluation of the yuan Chinese consumers may spend less on luxury with the devaluation of the yuan

 

By Sarah Jones

China’s devaluation of its renminbi is intended to boost the country’s slouching trade, but the impact of the altered exchange rate will likely extend to the luxury industry.

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  1. Louis Vuitton courts rapper Future as ‘Friend of the House’
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  3. ‘The defining theme of 2026 is connection – between people, systems and senses’: The Future Laboratory
  4. Raffles, Christofle premiere exclusive dining experience
  5. Ruinart reveals annual Carte Blanche creative collaboration
  6. Longines announces latest Ambassador of Elegance
  7. Moncler returns to the slopes for Grenoble campaign
  8. Luxury Unfiltered: The luxury market will lose the middle ground in 2026
  9. 85pc of recent, pending Gen Z car buyers considering luxury vehicle purchase: report
  10. Capri Holdings closes Versace divestiture
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Louis Vuitton courts rapper Future as ‘Friend of the House’
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