This is a Kering news story, published by CNBC, that relates primarily to Burberry news.
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Chinese luxury spendingCNBC
•90% Informative
LVMH, Kering and Burberry all noted the uptick, despite weaker sales in China that weighed on overall results.
Japan sales for Kering -owned Yves Saint Laurent surged by 42% in the first half of the year .
About half of Chinese luxury spending took place abroad prior to the pandemic, but that has now halved to about 20% to 25% .
The Chinese yuan has gained 6.9% against the yen so far this year after this month hitting its strongest level against the Japanese currency in at least 24 years .
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