Perhaps one of the few groups to have benefitted from Brexit is Chinese tourists. Known for their enthusiasm for purchasing luxury goods overseas, the depreciation of the pound has allowed them to own a piece of Louis Vuitton or Chanel at a much cheaper price. However, a recent report titled “RE-Lux: Waves of Change Impacting Luxury Brands” from Fung Global Retail & Technology Group reveals that this shopping frenzy is not likely to be long-lasting.
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