Luxury brands worry Parisian crime will stop tourists from shopping
Tourists walk down the Avenue des Champs-Élysées in Paris, France. Ayhan Altun / Flickr
Luxury industries in still stagnant economies are starting to rely on the influx of high-spending tourists from China and Brazil; anything to stunt that growth would hurt the tourism and retail industries alike.
Excerpt from Herald Sun
The streets of Paris are getting a reputation of being unsafe for tourists and is threatening the great brand names of French fashion.
A leading association that counts Chanel and Dior as members urged the authorities to take action on the climate of insecurity which it said could keep cash-flush tourists away.
Several recent incidents have tarnished the image of Paris – the world’s most visited city – including muggings and thefts targeting tourists and street violence.
France’s luxury industry makes a large portion of its profits from tourism, particularly from the newly rich from emerging countries such as China,