After a decade of stellar growth, the global luxury goods market is losing its luster. Demand for everything from Swiss watches to designer handbags has cooled. Luxury goods groups can't count on the wave of Chinese demand that has sustained them up until now. They need to find new strategies for growth. That includes having the right products at appealing prices, attracting local as well as tourist shoppers and constantly innovating so that their brands stay fresh. Click the video below for more.
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