Is the luxury sector recession-proof? Sales at high-end brands plunged at the start of the Covid-19 pandemic, but they've since rebounded sharply, even as inflation soars and economic growth slows. Now many fashion houses are hoping that China's reopening will be another boost to their business. Our Business Editor Kate Moody sat down with Rachid Mohamed Rachid, chairman of the investment group behind brands like Valentino and Balmain, on the sidelines of the World Economic Forum in Davos.
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