 Money News at 10 and 40 past the hour. Here's Andrew O'Day. This is the Bloomberg Money Minute. It's been a great post-pandemic run for the luxury business. Usually the luxury market grows around 3-4%. We have seen three consecutive years of 7%. Rashid Mohamed Rashid is chairman of luxury fashion house Valentino. So what about this year? 7%? This year started with an expectation that the luxury markets will grow between 2-4%. My personal feeling, it will be flat.