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What Will Hurt Luxury Brands in 2022? (Hint: It’s Not the Russia Ban)

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Strike Burberry coats and Mulberry handbags off Russia’s shopping list: The United Kingdom will be joining its G7 allies in blocking exports of luxury goods to the Vladimir Putin-helmed nation as part of a new wave of sanctions for its invasion—and continued military assault—of Ukraine. The sales ban, the government said Tuesday, will make sure…

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