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The Future of Luxury

January 21, 2009

Analysis of:The Business of Fashion: Luxury Outlook | Richemont reels | www.businessoffashion.net

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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