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Chanel to keep investing despite choppy luxury market

PARIS (Reuters) -French luxury group Chanel will continue to invest heavily this year, drawing on its deep pockets as other sector players pull back, with plans for new stores in China and the United States, despite volatility in both markets, it said on Tuesday. "We continue to navigate in very uncertain times," group finance chief Philippe Blondiaux told Reuters. He flagged "positive signs of stabilisation" in China and Hong Kong, but said it was still "too early to say" the region had turned a corner, while ongoing talks on tariffs were causing "a lot of uncertainty."

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Paramount Group raised to buy at Evercore ISI

Investing.com -- Evercore ISI upgraded Paramount Group (NYSE:PGRE) to Outperform following the company’s announcement that it is exploring strategic alternatives, a move the firm believes creates a compelling risk-reward opportunity.

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