GLG News Analyses of the following article:
The Business of Fashion: Luxury Outlook | Richemont reels
Published at: www.businessoffashion.net
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January 21, 2009
There will be companies who will struggle in all of segments (accesible luxury, independent brands and global luxury brands), while others will thrive. This is a good thing. Joseph Schumpeter called it creative destruction; the process whereby sleeping giants are replaced by innovative upstarts over the longer-term.
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