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Luxury Goods Makers May Fall as Lou Says China Taxes Will Rise 2014-03-06 07:13:23.750 GMT
By Bloomberg News March 6 (Bloomberg) -- China will impose higher taxes on luxury goods, Finance Minister Lou Jiwei says at Beijing briefing. * Prada fell as much as 2.5% after the comment * EU luxury brands may see pressure given importance of China sales growth, Parry Intl managing director Gavin Parry says in e-mailed response to questions * Hermes, Christian Dior, Burberry among cos. like to be affected: Parry * Click here to list luxury goods cos with >10% of sales from H.K., mainland China
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--Jack Gao.
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