German premium brand ESCADA inaugurated last week its mono-brand store in the Romanian ...
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Prada opened last week two stand alone stores, marking the official entry on the Moroccan ...
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French luxury group PPR, parent company of Gucci, Bottega Veneta, Boucheron has teamed up ...
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French luxury maison Chanel announced the opening of its 6th store in Australia, in the ...
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Italian luxury group TOD'S which includes the Tod's, Hogan, Fay and Roger Vivier brands, ...
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The biggest rally in three years for luxury-goods makers in Europe is fizzling on concern ...
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BRASIL, INDIA and CHINA - the only luxury markets to grow in 2009
News 16 June 2009
Luxury market analysts predict that Brasil, India and China will be the only three luxury markets to grown in 2009, in contrast with Japan and Russia which register dramatic sales drops, up to 6-9%. Brasils growth is estimate at 1,5%, while India and China will grown by 6 to 7 % in 2009. We at CPP, believe Serbia, Czech Republic and Romania will be the only Central and Eastern European luxury markets to recover by the end of 2009.