Pursuits
French $17bn Luxury Goods Become Election Losers: Retail
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Whoever wins next month’s French election, luxury-goods makers will be the likely losers.
Frontrunners President Nicolas Sarkozy and Socialist candidate Francois Hollande have both pledged tax increases. The measures may damp the feel-good factor, a driver of luxury-goods consumption, as has happened elsewhere in Europe, according to CA Cheuvreux’s Thomas Mesmin.