Lorre White reports ‘Central & Eastern European luxury markets ..’

Central & Eastern European luxury markets continue downturn Political instability has been adding to the prolongued financial crisis in Hungary, Romania, Bulgaria and Ukraine – resulting in a decrease in buying power, drop in direct foreign investments and an even more restrictive access to credit. This has translated into a drop in luxury sales in all the four countries, across all sectors, especially fashion, jewellery, watches and cars. An increase in wealthy nationals shopping at … [Read more...]

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