Tue 1 Jan 2008
It has not been a Merry Christmas season in the world of luxury goods. Shares in companies ranging from handbag maker Coach to jewellers Bulgari and Tiffany have sunk amid fears that a possible slowdown would cut into sales.
The world luxury index, created by Deutsche Borse this year to allow investors to track what was seen as a vibrantly growing sector, is down almost 16 per cent from its peak in early June.
