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PARIS — The coronavirus is rattling the travel-retail industry — including its largest category, beauty — which has been heavily reliant on Asian consumers, especially from China, for growth.

The $79 billion travel-retail market, of which $31 billion was rung up by cosmetics and fragrance products in 2018, according to Generation Research’s latest statistics, could be hard hit as the Chinese travel less and tourist footfall drops around the globe.

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