Archives for October 29, 2008

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Symrise suffers from a luxury sales drop

By Gavin Kermack and Guy Montague-Jones

Sales growth at Symrise was dampened in the third quarter by weakening demand at the luxury end of personal care and in fine fragrances.

Global luxury market faces recession

By Katie Bird

The global luxury market is facing its first recession in six years, according to a recent report from Bain and Company.