EM Currency Weakness: Luxury Playing Long Game

摘要

Despite foreign exchange and wider macroeconomicrnweakness across many emerging markets, 'winning' long-termrnopportunities like China and India will continue to attract luxuryfocusedrncompanies. Only in countries where the structural macroeconomicrnappeal has been inherently altered, like Brazil and Russia,rnwill there be a real redressing of long-term strategy.