Luxury stores caught out by surging demand

FINANCIAL TIMES:  Outside Louis Vuitton’s flagship emporium on Paris’s Champs-Elysées Angelia, a financial controller from Malaysia, says the €920 ($1,260) bag she has just bought is her second choice…

It is not the only luxury goods company to have been caught unawares by the strength of demand after last year’s slump….

At the Paris motor show, all five Bugatti World Record cars, with a top speed of 415km per hour and a price tag of €1.95m ($2.67m) have sold out. Ferrari has also sold its 80 limited edition SA Aperta, costing €400,000…  (more)

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