Executives at luxury retailers say they are prepared for the next economic downturn after learning some lessons from the last slowdown. "Luxury brands have done a great job of learning from the last crises," said Jean-Christophe Babin, chief executive officer at Tag Heuer. Many luxury brands are benefiting from efforts to enter China and other emerging markets ahead of significant demand, according to Ira Kalish, global director of research at Deloitte.

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Gulf Times (Qatar)

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