Lnews bulletin – answers

Luxury brands eye India and China

questions

1. Why are luxury brands heading east? because times are tougher in the west
2. How are Versace and Armani described by the reporter? high end fashion designers
3. What haven’t they felt the ‘brunt of’? the economic slowdown
4. What does Celia Tong’s business do? helps brands find a niche
5. What is increasing? wealth
6. Why are investors heading to India? because of the large growth in the consumer market
7. What is unique to India? the potential
8. How long does he think the growth period will last? 10 years, a decade
9. Who made a 14% annual profit increase this year? Burberry
10. How will luxury brands escape economic turbulence? they will be buffered by these new markets