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Global Markets

Luxury Firms Count Cost of Russia's Recession

Russia's lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices — and in turn costs — in an attempt to limit the damage.

Global Markets

Luxury Firms Count Cost of Russia's Recession

Russia's lurch into recession has hit many tourism and luxury goods companies hard, forcing them to cut prices — and in turn costs — in an attempt to limit the damage.