Financial Times FT.com

When not cutting prices becomes a luxury

By John Gapper

Published: May 27 2009 21:56 | Last updated: May 27 2009 21:56

Pinn illustration

The harder they come, the harder they fall, one and all. The decade of decadence, of affordable luxury and premium everything, from expensive spirits to fashion label clothes and first-class air travel, is over.

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