TARTU - The luxuries market brings up images of champagne parties in the south of France, private jets and beautiful women. The life for small businesses operating in this market in Estonia is often in strong contrast to this image. Large multinational luxury brands can hedge their bets in several countries and are far less affected by economic downturns than are small businesses that are completely dependent on the people of one country. Insecurities following the economic crisis have left most Estonian small luxury businesses worse off, but armed with a lot of business experience....
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