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Feb
2013

The winners and losers of policy and sentiment

The general slowing of the Chinese economy, and the affects and influence of the new leadership appointments in the last quarter of 2012 have impacted the entire luxury sector, but perhaps those brands supplying products often given as gifts the most. Richemont, for whom many of its brands fall into the gifting category, has been hit hard, reporting zero growth in China in the last quarter of 2012……

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