Executives: Mideast market for luxury goods matures amid recession
Thanks in large part to the recession, the Middle East is fast becoming a much more sophisticated market for luxury merchandise. "We owe it to our clients in the Middle East to be closer to (their) home and not to make them... [read full story]
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Mideast Market for Luxury Goods Matures amid Recession: Executives
DUBAI — Thanks in large part to the recession, the Middle East is fast becoming a much more sophisticated market for luxury merchandise. Van Cleef & Arpels, a Parisian “maison” renowned for its watches and jewellery, is...
Jeweler Van Cleef & Arpels sees Japan remaining crucial market
Luxury French jeweler Van Cleef & Arpels continues to view Japan as a key market and is confident sales will pick up once the economy recovers, its president and chief executive officer said in a recent interview. "I see brands...
Jeweler VC&A sees Japan as retaining luster, confident of sales upturn+
upturn+ (AP) - Companies handling luxury items are struggling in the Japanese market, hit by the slump in personal consumption amid the recession and the growing popularity of "fast-fashion" brands offering trendy items at...
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