The luxury sector is not immune: Cavalli chief sees luxury goods slowdown
The debt crisis “will definitely have an impact on consumption” of luxury goods Luxury-goods companies should brace for weaker growth in 2012 as Europe’s sovereign debt crisis leads to a slowdown in spending, according to Gianluca Brozzetti, chief executive officer for designer Roberto Cavalli. “To say it won’t have an effect is madness,” Brozzetti … Read more