Luxury retailers take chance on Melbourne, Australia

11/26/2008 | Age (Melbourne, Australia), The

Paspaley, a pearl producer, is one of several luxury retailers opening stores in Melbourne, Australia, despite indications that consumers are starting to curb their spending. Paspaley's neighbours include a new Louis Vuitton store and the new Emporio Armani. Paspaley executives say the move is part of a long-term vision.

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Age (Melbourne, Australia), The

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