By and  on October 19, 2009

While still faint, there is light at the end of what has been a long and dark tunnel for the luxury sector.

That was the word from LVMH Moët Hennessy Louis Vuitton on Monday as it reported a 3 percent dip in third-quarter revenues and trumpeted improving trends in all its businesses versus the first half of the year. Meanwhile, Deutsche Bank issued a bullish profits outlook on luxury goods and, at a meeting in Milan organized by Italy’s Fondazione Altagamma association, Bain & Co. predicted a full recovery of the market in the 2011 to 2012 period.

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