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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 introduces Visionary Journeys Seoul
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  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. WatchBox looks for growth in editorial integration
  5. Burberry bans exotic skins
  6. Estée Lauder Cos., Jo Malone launch AI scent advisor
  7. Savannah College of Art and Design debuts SCAD LUXE research center
  8. Luxury Women to Watch 2017
  9. Bulgari names Chinese actress Liu Yifei as newest global ambassador
  10. Gucci studies connection in spring/summer 2025 campaign
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