Luxury brands see growing US demand

02/12/2013 | Wall Street Journal, The

Wealthy Americans are spending on luxury again, and Chinese tourism is on the rise, driving brands including Hermes, L'Oreal and Burberry to make plans to invest in US markets, executives say. "The stronger economy and loosening of visa restrictions for the Chinese mean that business this year will benefit from both affluent locals and tourism," said consultant Milton Pedraza.

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