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Luxury market seen as growing in 2022 despite inflation, war

FILE - A model displays the collection by Russian designer Slava Zaitsev during the opening of the Fashion Week in at Zaryadye Park with the Spasskaya Tower and St. Basil's Cathedral in the background near Red Square in Moscow, Russia, Monday, June 20, 2022. Neither inflation nor the war in Ukraine are threatening to take a bite out of the luxury fashion market, according to a study published Tuesday, June 21, 2022. (AP Photo/File) FILE - A model wears a creation as part of the Moschino men's Spring Summer 2023 collection presented in Milan, Italy, Sunday, June 19, 2022. Neither inflation nor the war in Ukraine are threatening to take a bite out of the luxury fashion market, according to a study published Tuesday, June 21, 2022. (AP Photo/Nicola Marfisi, File) FILE - A woman wearing a face mask rides a bicycle past stores closed for COVID-19 control at a shopping mall in Beijing, Tuesday, May 17, 2022. Neither inflation nor the war in Ukraine are threatening to take a bite out of the luxury fashion market, according to a study published Tuesday, June 21, 2022. (AP Photo/Mark Schiefelbein, File)