Paris Fashion Week http://www.ifel.cl/blog/IMG_4704.JPG

The recent slowdown of economic growth in China, European debt crisis, and the high US unemployment rates have caused worries to the fashion industry at the Paris Fashion Week. It not only caused worries to the fashion industry, but also to investors whom began to sell off luxury and fashion related stocks. Stocks such as LVMH, Burberry, Richemont, and PPR have lost more than 10 percent since September due to the panic in the stock market.  Cheuvreux and UBS also added that the luxury market growth for next year will slow down to 8 to 9 percent from the original 15 percent. However, department stores are still confident about the future sales.  On the other hand, executives of various fashion industries such as Hermes and Lanvin have expressed their concern and fear of  future impacts to the industry due to the unpredictable world economy.

http://in.reuters.com/article/2011/10/05/idINIndia-59730220111005