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Luxury Brands Break Sacred ‘No Discounts’ Rule To Cope With China Slowdown

As China's luxury growth remains slow, Chinese media reports that top international luxury brands such as Hermès and Ferragamo are throwing caution to the wind by holding sales in China.

Luxury Brands Break Sacred ‘No Discounts’ Rule To Cope With China Slowdown
Hermès broke its golden rule of not offering sales by holding on to clear unsold stock last Tuesday. (Flickr/SimonQ錫濛譙)

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