Archives for October 29, 2008

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Global luxury market faces recession

By Katie Bird

The global luxury market is facing its first recession in six years, according to a recent report from Bain and Company.

Symrise suffers from a luxury sales drop

By Gavin Kermack and Guy Montague-Jones

Sales growth at Symrise was dampened in the third quarter by weakening demand at the luxury end of personal care and in fine fragrances.