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Prada and Cartier lose shine in $9.2b hit to luxury brands

2015-05-27 13:15:35| Apparel - Topix.net

The Devil Wears Prada? The luxury brand feted in the 2006 comedy with Meryl Streep has taken a 35 per cent hit to the perceived value of its brand. The value of the top 10 luxury-goods brands fell 6 per cent, or $US7.1 billion, to $US105 billion as companies from Prada to Cartier grappled with slowing sales in China and Russia, according to a global market report.

Tags: hit brands lose luxury

Category:Consumer Goods and Services

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