Disney, McDonald’s, Starbucks and other U.S. companies with significant exposure in China are suspending operations as they respond to the outbreak of the coronavirus.Starbucks said it has closed all shops and suspended delivery services in China’s Hubei province, where Wuhan is located. Credit Suisse recently singled out brands Estee Lauder and Nike, which both generate 17% of their revenue from mainland China each year. Other apparel retailers with high China exposure include Coach and Kate Spade parent company Tapestry, Tommy Hilfiger, and Calvin Klein owner PVH and Vans parent VF. Citi has highlighted American hotel companies with “significant” exposure to China including Marriott, Hilton and Hyatt Hotels. Resort operators Wynn Resorts and Las Vegas Sands generate most of their revenue from the Chinese gambling haven of Macao. (Source: CNBC)
