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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. Off the Cuff: A Q&A with McLaren's Nicolas Brown
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  3. For high-end fashion brands, wellness is the ultimate luxury
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  5. Dior dives into French Riviera with escapist fragrance
  6. Dior, Rizzoli to release book on Lady Art project
  7. Louis Vuitton introduces Visionary Journeys Seoul
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  9. Dolce & Gabbana debuts Devotion fragrance film
  10. Gucci studies connection in spring/summer 2025 campaign
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