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Is 2013 an era of opportunities for niche luxury brands entering and expanding in China?

The first-quarter sales results for many big luxury brands were not promising. According to a Reuters report, fewer Chinese tourists are shopping in Europe, and of 23 brands in London, Paris, and Milan that they recently surveyed all reported diminished earnings from tourists, particularly Asian visitors. An appreciating Euro and increased general pricing of luxury goods in Europe, appears to have encouraged a significant number of middle class Chinese to visit Korea…..
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