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Luxury consumption: will it really be affected by recession?
Will this looming recession have an impact on luxury consumption. In my understanding, not as much as it previously did. In this article I explore the reasons why there will be little effect of recession on luxury consumption.

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Heir to Gucci Empire Reveals Plan to Double Bet on Fashion
PARIS -- When he bought Italian fashion house Gucci NV a decade ago, French billionaire François Pinault steered his family's lumber and distribution business into the high-profile, high-profit world of luxury goods.

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