Alex Carter
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé…
Luxury goods sales will return to growth next year with profitability increasing more than revenues thanks to strong cost containment policies in 2009, according to a Bank of America Merrill Lynch report. Sales will likely grow by 5 percent next year while core profit will rise 17 percent. Net profit will increase 13 percent, the report said, citing a consensus of estimates from analysts. – from ABCNews
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Alex Carter
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.