The emergence of the new deadly coronavirus, 2019-nCoV, is having far-reaching ramifications for the corporate world. Here is a look at how sectors from luxury goods to carmakers are grappling with the fallout 👇ft.com/content/f3fcdc…
Chinese customers account for more than a third of the value of luxury goods purchases. That's why luxury brands would be highly exposed if Chinese clients stop buying domestically or travelling abroad, during which trips they often buy luxury goods ft.com/content/f3fcdc… 
The leisure industry is also feeling the effects:
✅Disneyland closed its theme parks in Shanghai and Hong Kong
✅Big hotel groups waived cancellation fees
✅Starbucks closed stores in Wuhan
✅McDonald’s suspended its business in Wuhan
ft.com/content/f3fcdc…
✅Disneyland closed its theme parks in Shanghai and Hong Kong
✅Big hotel groups waived cancellation fees
✅Starbucks closed stores in Wuhan
✅McDonald’s suspended its business in Wuhan
ft.com/content/f3fcdc…
Global airline stocks were battered on Monday as fears grew that the rapid spread of the coronavirus could have far-reaching effects on people’s willingness and ability to travel in China and beyond ft.com/content/f3fcdc…
International carmakers have begun pulling out foreign staff from plants in parts of China that have been hit by the coronavirus, amid warnings the outbreak could further hamper the country’s struggling car market ft.com/content/f3fcdc…
Food delivery is also being disrupted. Online ordering is helping to sustain residents in locked-down cities, but to reduce infection, some companies will roll out a 'contactless delivery' system where couriers will drop off meals at customers’ doorsteps ft.com/content/f3fcdc…
The tech and bank industries are also being affected by the coronavirus. Read our explainer on its impact and what to expect next: ft.com/content/f3fcdc…
