Giuliano Iannaccone was quoted in The Journal of Commerce article, "Devalued Yuan Gets US Retailers Re-Negotiating With Chinese Suppliers." Due to the devaluation of the yuan, U.S. Retailers are looking to renegotiate contracts with Chinese suppliers and benefit from lower manufacturing costs. Giuliano addresses U.S. retailers with dollar-denominated contracts and their ability to renegotiate immediately or expect a stronger bargaining position for next year’s contracts.
|Iannaccone, Giuliano Partner and Chair of International and Retail Groups and Co-Chair of Italy Practice||Partner and Chair of International and Retail Groups and Co-Chair of Italy Practice||212.216.1110|