There’s a report in today’s FT about falling luxury stocks on the back of the situation in Japan, but in reality, luxury groups have spent the last 10 years strategising about how to replace Japan on the balance sheet (China, anyone?), so in a way they were among the most prepared companies for the effects of the current disaster.
Vanessa has been the FT’s fashion editor since 2003, and is based in New York, though she lived in London for 12 years.
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