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China's Sanya holiday hotspot shuts duty-free malls, venues to curb COVID

By Casey Hall SHANGHAI, Aug 5 (Reuters) - Sanya, a top tropical holiday destination on China's southern Hainan island, began closing its duty free malls on Friday in response to a worsening COVID-19 outbreak. Since China shut its international borders in early 2020 to curb the spread of COVID-19, Hainan's duty-free industry has boomed, becoming a vital channel for global brands from Gucci to Coach, La Mer to L'Oreal OPREP.PA to reach Chinese shoppers.
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American tourists splurge in Paris boutiques as euro slides

By Mimosa Spencer and Doyinsola Oladipo PARIS, July 15 (Reuters) - American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time in two decades on fears that rising energy prices triggered by the Ukraine conflict could tip the European Union into a prolonged economic crisis.
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Kering Adjusts Exchange Price Of Bonds Due 2022

May 12 (Reuters) - Kering SA PRTP.PA : * REG-KERING - NOTICE TO HOLDERS OF THE EUR 550,000,000 BONDS DUE 2022 ISSUED BY KERING (THE “ISSUER”) AND EXCHANGEABLE INTO EXISTING ORDINARY SHARES OF PUMA (THE “BONDS”) (ISIN: FR0013450483) * CALCULATION AGENT HAS DETERMINED THAT EXCHANGE PRICE IS ADJUSTED FROM EUR 92.17 TO EUR 91.8292, EFFECTIVE MA
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China COVID hard line eats into everything from Teslas to tacos

SHANGHAI, May 2 (Reuters) - When Tesla's TSLA.O Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into its fourth week, and similar measures imposed in dozens of smaller cities, the world’s largest boom market for electric cars has gone bust.
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Kering Issues Bonds Worth 1.5 Bln Eur

April 28 (Reuters) - Kering SA PRTP.PA : * KERING - DUAL-TRANCHE BOND ISSUE FOR A TOTAL AMOUNT OF 1.5 BILLION EUROS * KERING - ISSUED EUR 750 MILLION TRANCHE WITH A 3 YEAR MATURITY AND A 1.25% COUPON * KERING - ISSUED EUR 750 MILLION TRANCHE WITH A 8 YEAR MATURITY AND A 1.875% COUPON * KERING - ISSUE, IN LINE WITH THE GROUP’S ACTIVE LIQUIDITY MAN
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