Financial services
August 16, 2019
Some signs are pointing to a nearing recession. Image credit: Frankfurt Airport
By Sarah Jones
With global headwinds suggesting that an economic downturn may soon arrive, luxury brands need to be guarding themselves against the possible slowdown.
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","iv":"6dd2e1d91165711951c994b9d9d4b8fe","s":"a638e0934fce5499"}
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