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Retail

Rents squeeze luxury sector brands

Luxury brands in malls like DLF Emporio and UB City want a cut in rentals. These include high end labels like Armani Jeans, Jimmy Choo, Canali and Giorgio Armani. Demonetisation has deeply hurt luxury retailers as their goods are sold primarily in cash. Sales in the luxury sector have halved since demonetisation. Luxury rentals in India are...

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