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The yuan fell below the key level of 7 to the US dollar last week for the first time in 11 years, and could hit tourism and retail spending from mainland Chinese visitors.
The chain’s owner, Pan Pacific International, says it plans to open more stores in the city
Markets are anticipating the Federal Reserve will cut interest rates by 75 basis points this year, but analysts see fewer cuts barring an escalation in the US-China trade war.
US, Russia and China were the fastest-growing markets for L’Occitane.