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Luxury Stocks Tumble as China Seeks Undeclared Vuitton Bags

Chinese border guards searching travelers’ suitcases for undeclared Louis Vuitton bags, Gucci loafers and Tiffany necklaces are giving luxury-goods makers their biggest scare in years. Shares of some of the biggest brands, from Prada SpA to Shiseido Co., tumbled across the globe on signs that Chinese officials are cracking down on travelers returning from places…

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