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10-23-2007 1:40 PM
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Whether or not this audacious fashion show was truly visible from the moon as LVMH chairman Bernard Arnault suggested, it was a palpable spectacle signaling the official arrival of mass luxury in China. More than "positioning Fendi for the next 50 years," it underscores that elite brands have and will continue to double revenues thru emerging markets and mass luxury offerings.
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