Devaluation Of The Luxury Brand Impact On "Immediate Results"

The US market observation website quoted Marshall Girtler, head of the global exchange strategy division of Tiexi International Group, analyzing the latest moves of the Central Bank of China against the currencies of those exporting to China.

The deepest luxury brand of "pain" is the Italy Ferragamo company.

Ferragamo shares fell 5.5%.

China is Ferragamo's largest market, contributing 19.5% of its annual revenue.

According to the US financial data software company, Ferragamo's revenue was 1 billion 400 million euros (US $1 billion 550 million) in 2014.

Shares of France's Louis Weedon group also fell by about 5%.

China is Louis Weedon's second largest market after the United States.

In 2014, China's market revenue accounted for 15.2% of Louis Vuitton's total revenue.

In addition, Italy is famous.

Todd shares fell more than 3%.

China is Tods's second largest market after Italy. In 2014, it contributed 21.6% of sales to Todd.

Gucci's French Open Cloud group shares fell nearly 4%.

China is also the second largest market of Kai Yun group.

RMB sneeze in addition to triggering Europe

The "cold" also makes the American brand uncomfortable.

The US luxury brand Coach shares fell by about 1.7%.

China is the third largest market of Coach.

According to Coach's release last month

Coach's sales fell by 12%, while international

The US dollar strengthened by 5%.

Another lightweight luxury brand Michael Coles shares fell 0.2%.