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Luxury Back in Vogue in Asia

Wednesday, 21 Jul 2010 | 8:10 PM ET

Despite a slowdown in the global economy, Michele Norsa, CEO of Salvatore Ferragamo, says the turnaround for the luxury market has been faster than expected. He tells CNBC's Martin Soong, Karen Tso and Sri Jegarajah that China is driving growth in luxury spending.