MILAN — Does the multibrand strategy still work?

After the Nineties’ spending spree, flurry of acquisitions and exponential growth of such groups as Gucci and Prada, this has become a thorny question, given the uncertain economy and drop in consumer spending. A list of top chief executives — seldom seen together sitting at the same table — addressed the issue during a global conference held here Friday. Of course, all those present firmly supported their choices and validated their strategies.

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