Middle East grows increasingly important for luxury goods
Suppliers of luxury products, including watchmakers and jewellers, are investing in the Middle East and bolstering their retail footprints as they seek to profit in one of the few remaining vibrant luxury-goods markets. "The recession has changed completely the picture for the luxury-goods companies," said Christian Blanckaert, formerly an executive vice president of Hermes International.
Khaleej Times (United Arab Emirates) | 04 Nov.
This story published in NRF Global SmartBrief on 11/04/2009
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