BusinessWeek - The economy may not be as vibrant as it was a few years ago. Yet by some measures, wealth is back. Rooms at luxury hotels are filling up with a resurgence in business travel. Retailers such as Saks , Herms (), and LVMH Mot Hennessy Louis Vuitton () reported sales gains in the first quarter as the superrich took up spending again. By the end of 2010, global sales of luxury goods should be up 4 percent year-on-year, compared with the 8 percent drop seen in 2009, say projections from consulting firm Bain & Co.
More...
More...