ITALY: Versace Sees Bright Luxury Goods Market Ahead
The co-chairman of Italian fashion house Gianni Versace SpA, Santo Versace, said on Thursday he believes the worst is over for the worldwide luxury goods industry and better times are just around the corner. "We already have the first signs of a recovery," he told reporters. "By the last quarter of this year or the beginning of next year we will have the signs of a strong rebound."
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