Luxury
How Chinese Tourists Fuel a $100 Billion Luxury Goods Black Market
In Europe’s luxury shopping capitals—Paris, Milan, Barcelona, and even Istanbul—a quiet transaction unfolds daily. A Chinese couple steps into a Louis Vuitton store, browsing through handbags. They select three, totaling $5,682. At checkout, they pull out an envelope stuffed with cash. Moments later, outside the store, a handler collects the…
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