By and and and  on November 10, 2008

MILAN — Forget yo-yoing stock prices for a moment. What does the financial crisis really mean for European fashion and luxury goods houses over the next 12 to 18 months?

A drop in revenues almost certainly, with the sector expected to contract in 2009. More seriously, however, industry experts believe there’s a risk of bankruptcy for some firms as heavy leverage cripples their operations.

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