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The broken relationship between market-cap and GDPThe traditionally reliable Buffett indicator is signaling trouble in the USA, with the market-cap-to-GDP ratio hitting an all-time high of ...- Tesla's Elon Musk is no longer the richest person in the worldBernard Arnault surpasses Elon Musk as the richest person in the world, with a net worth of $207.6 billion. Arnault's rise to the top came ...
- World’s richest man loses $11 billion after LVMH stock routWorld's richest man, Bernard Arnault, lost around $11.2 billion from his fortune in one day due to the softening of the US economy, which i...
- LVHM becomes 1st European company to cross $500 billion market capParis-based LVMH's market value crossed $500 billion, becoming the first European company to reach this milestone.
- Lack of trained salesmen may hit luxury salesThe Indian luxury market is growing at 20% a year and is expected to grow to $14.7 billion by 2015, up from $5.8 billion today.
- Small towns buyers driving sales of luxury brands like Gucci, Armani, Porsche Design,Tag Heuer, Burberry and HermesAt the recent luxury shopping festival in Delhi’s DLF Emporio mall, about 18% of the shoppers were from small cities around Delhi
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