18 Oct 2026, 10:01 AM
Western brands under pressure as 'pre-owned' luxury booms in China
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Asia News Channel
@asianewschannel
French luxury house Louis Vuitton has closed five stores in mainland China in the past two years - including a chocolate boutique in Shanghai - while Parisian department store Galeries Lafayette shut its Beijing flagship in May.
Source Credit: channelnewsasia.com
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