Print Edition
September 2010 
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Future looks a little brighter for the luxury goods sector |
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For a long time, the luxury goods sector was considered immune to economic fluctuations. However, the last year has shown that luxury companies are as vulnerable as other consumer companies during a recession. The net worth of the mega wealthy has been dramatically reduced by the fall in stock markets and property values, reducing demand for yachts, cars and designer clothes, among other luxury goods.
Earlier this year,...
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