Luxury goods industry ready for hard times (AP)
Despite luxury goods recent sales slowdown, "there are abundant signs" that the market is holding up.

In Ugly Economy, Fashion Sees Beauty in Python Jackets, Chiffon  (Bloomberg)
With "conspicuous consumption"  out of style in this murky financial climate, designers and retailers are banking on special flourishes to court customers.

US retailers report dismal sales (BBC)
Numerous U.S. retailers reported lackluster sales in September.

Richemont Investors Approve BAT Spinoff, Split in Two  (Bloomberg)
Richemont shareholders approve its spinoff into two businesses—an investment unit and a pure luxury goods company.

Moët & Chandon champagne, photo courtesy of LVMH.