International companies badly hit by China coronavirus outbreak

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NSTworld International companies badly hit by China coronavirus outbreak

* H&M said store closures in China - about 45 - hurt sales in January. The company said it sources “a lot” from China but its flexible supply chain had contained disruptions so far.

* Remy Cointreau warned that a potential impact from the outbreak would be significant because of its big exposure to China. * Samsung Electronics said it had extended a holiday closure for some factories in line with Chinese government guidance but declined to comment on the impact.

 

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