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The world may be going to hell in a handcart yet the rich are still buying extortionately priced handbags and top-end fashion like no tomorrow.
3 Min Read (Reuters) - Capri Holdings is expected to post a fourth straight fall in quarterly revenue on Wednesday as the blow from fresh lockdowns in Europe eclipses a China-driven recovery in sales of its luxury handbags and apparel. FILE PHOTO: The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle A spike in coronavirus infections from late last year forced many European governments to put their economies back into lockdown, keeping consumers away from stores during the crucial holiday shopping season. Capri not only has to deal w...