Reuters First Global Luxury Summit Kicks Off

As analysts predict that global luxury sales will drop as much as 10 percent in 2009, luxury investors wonder if demand from emerging markets like China and Latin America will compensate for weak sales in markets like the United States. Global leaders in luxury goods will attempt to address these concerns and others today through June 10 in five key international markets—Paris, London, Tokyo, Dubai, and New York—in Reuter’s first-ever Luxury Goods Summit. Executives from Burberry, Van Cleef & Arpels, Tiffany, The Luxury Institute, Estee Lauder, Bain & Co., Rolls-Royce Motor Car, Hermes, and more, will speak about future growth in the luxury sector, how businesses should handle the economic crisis, and what projects these brands will shelve until better conditions return.

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