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Apr 30, 2000

Sector survey: Luxury

Wallowing in it

If the bullish stock market encourages consumer spending, and if lots of executives and Wall Street types are getting major options, it follows that their particular form of spending should be rising. It is indeed difficult to define the luxury sector, but we all recognize it when we see it, from the Gucci shoes to Montblanc pen to the Rolex watch on the wrist raising a glass of Mumms. On that basis, in both Europe and North America, their sales been doing very well thank you very much.And

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