High End fashion houses resort (discreetly) to discounts
11/12/2008
‘There is a drive towards timeless, very high-end brands,’ said Pierre Mallevays, a partner at Savigny Partners, an investment banking boutique in London. ‘If you buy a Louis Vuitton bag, you know that it will not lose much value. But if you buy a weaker brand, you are not so sure.’
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