Luxury goods brands struggle in Japan
13/11/2008
The global economic downturn is affecting even the highest flyers in Japan's luxury goods market, Le Monde has reported.The Paris-based newspaper said LVMH has seen sales drop by 7% in Japan in the first nine months of this year, which is a substantial blow to its leathergoods business as 20% of its sales in that space are in Japan. LVMH has...
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