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Politics : Formerly About Advanced Micro Devices

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From: tejek	5/3/2011 12:22:46 PM
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Luxury market surges to euro172 billion in 2010 15 minutes ago (AP:MILAN) A new study shows that the global luxury goods market rebounded more strongly than expected in 2010 thanks to generous holiday shoppers. A study by Bain & Company for an association of Italian luxury producers says the market was worth euro172 billion ($254 billion) in 2010 _ surpassing pre-crisis levels. That's a 12 percent increase from 2009's disastrous euro153 billion _ and higher than the euro168 billion mark Bain had forecast in October. Bain partner and luxury goods expert Claudia D'Arpizio said better-than-expected holiday shopping made the difference. Bain presented the figures Tuesday at a conference in Milan sponsored by Italy's Fondazione Altagamma association of luxury producers. MILAN (AP) _ A new study shows that the global luxury goods market rebounded more strongly than expected in 2011 thanks to generous holiday shoppers. A study by Bain & Company for an association of Italian luxury producers says the market was worth euro172 billion ($254 billion) in 2010 _ surpassing pre-crisis levels. That's a 12 percent increase from 2009's disastrous euro153 billion _ and higher than the 168 billion mark Bain had forecast in October. Bain partner and luxury goods expert Claudia D'Arpizio said better-than-expected holiday shopping made the difference. Bain presented the figures Tuesday at a conference in Milan sponsored by Italy's Fondazione Altagamma association of luxury producers. Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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