1.0 link 228427 <![CDATA[Bailing Out Luxury]]> http://www.huffingtonpost.com/michael-likosky/bailing-out-luxury_b_228427.html With the start of Haute Couture Week in Paris, luxury is already on the ropes. Christian Lacroix is going under. Meanwhile, Prada and Armani are offering their brands to cell phone makers, televisions and cars.

Still, at the recent Financial Times Luxury Summit in Monaco, Bernard Arnault, chairman of the Moet Hennessy Louis Vuitton group, explained how the glut of luxury goods on the market was driving down costs and thus stimulating demand. And, as Marc Jacobs shoes sell for...

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