Luxury & Fashion | Will the nCoV outbreak also affect investor
While Hubei Province remains the centre of the coronavirus, from mid-January to mid-February, the world’s second-largest economy was practically shut down by the Chinese authorities who have taken very strict measures to limit the spread of Covid-19, such as cancelling CNY events, suspending domestic and international tours and closing most of China’s factories. According to some experts, the nCoV outbreak could trim 1pp from China's GDP growth in 2020. Note that China accounts for 13% of luxury group sales.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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