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Mind the Gap
The Savigny Luxury index (“SLI”) continued its descent in December, falling over 6 percent, losing more ground to the MSCI World Index (“MSCI”) which fell just over 5 percent.
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Kering Sells Shoemaker Sergio Rossi to End Years of Struggle
Kering SA agreed to sell shoemaker Sergio Rossi to an Italian buyout firm after struggling to turn around the business.