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Moscows Luxury Goods Market Collapses

admin — Tue, 31 Mar 2009 11:42:16 +0000

Moscow, once the bastion of excessive displays of extravagance, fueled by easy credit and increasing commodity prices has come back to earth with a bang as the financial crisis hits hard.

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Luxury Market Review

admin — Wed, 18 Feb 2009 14:15:28 +0000

Ups and downs in the luxury world. Well….. mostly downs actually. The credit crunch is taking a high toll amongst the luxury suppliers, particularly in luxury automobiles and properties.

Luxury Automobiles

Louis Vuitton cancels Flagship Store in Tokyo

admin — Tue, 16 Dec 2008 15:44:39 +0000

Louis Vuitton said this week that it was scrapping plans for the enormous flagship store in central Tokyo as the worldwide financial crisis dampens the luxury goods market.

The French luxury brand had planned a 12-floor, 12,000 square-metre (130,000 square-foot) store off a major street in Tokyo's glitzy Ginza district that would rival in size its main shop in Paris.

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