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Luxury brands see increasing U.S. demand
Wealthy Americans are spending on luxury again, and tourism from China to the U.S. is on the rise, driving brands including Hermes, L'Oreal and Burberry to make plans to invest in U.S. markets, executives say. "The stronger economy and loosening of visa restrictions for the Chinese mean that business this year will benefit from both affluent locals and tourism," said consultant Milton Pedraza.

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