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Austere times for luxury brand names in China

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China's economy is slowing and luxury retailers are struggling to find their footing, although overall retail sales seem to be not only holding their own but barreling forward.

Luxury brand Louis Vuitton, for example, has closed a number of its China outlets over the past couple of months, including in the upscale Guangzhou shopping centre La Perle as well as stores in Harbin and, further west, in Urumqi.











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