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":"51659d503edd763bbc9d59859dbe0e4b","s":"46bab8fb2e0469a1"}
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