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SGAM_Vortrag_Lasnier de Lavette - FONDS professionell

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Luxury: a core investment with its own main advantages[ Luxury & Lifestyle Strategy ]Growing <strong>de</strong>mand for luxury goods due to new wealth in emerging economies like Chinaand Latin AmericaFairly price-inelastic consumer <strong>de</strong>mand for recognized brandsStrong barriers to entryA successful strategy since 2002January 08Société Générale Asset Management2

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