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Web25 aug. 2024 · The Chinese cluster already represents 46 per cent of the personal luxury goods sector, according to recent estimates by financial services firm Jefferies. The Covid-19 pandemic has further accelerated luxury’s reliance on China due to the repatriation of sales. Periods of uncertainty are not new for the luxury goods sector, says BlackRock ... WebThis report examines the impact of the Coronavirus (COVID-19) global pandemic on the luxury goods industry. Luxury shopping behaviour, channel dynamics and travel plans are seeing inevitable shifts as a result of lockdowns, as well as the closure of select retailers, businesses, luxury hotels and hospitality services, alongside travel restrictions. armando zhupa
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