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Economic chill dulls Chinese appetite for some luxury brands

Dec 05, 2018 - Orlando Sentinel (Florida)

BEIJING - The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.

It's a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already is facing pressure to keep up as China's big spenders, mainstays for American and European retailers, shift to buyin...