European luxury goods companies are set for a strong year, with robust consumer spending expected across all markets as the sector moves firmly past the slump of 2008 and 2009.

French leathergoods and silk specialist Hermes International, British fashion brand Burberry and Swiss-based Compagnie Financiere Richemont, which owns Cartier jewelry and Jaeger-LeCoultre watches, all reported sales up more than 25% in the last three months of 2010.

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