Designer Diane von Furstenberg considers herself lucky.
She says the older she gets, the younger her customers get. "It's better than Botox."
She spoke with me today at the Financial Times Business of Luxury Summitat the Beverly Hills Hotel.
The FT says luxury sales fell 8 percent in 2009. Everyone at the summit believes 2010 will be much better. Prada COO Sebastian Suhl says profits are up 400 percent, and U.S. department stores are restocking at a rapid pace.
Among the most interesting things I've heard here is a talk on whether Facebook and other social media sites are a good place to sell luxury. Maybe not.