Business News
Protests planned as fair for millionaires opens in Munich
Oct 16, 2008, 14:00 GMT
Munich - Anti-poverty campaigners gathered Thursday to protest at the evening opening of a luxury-goods fair in the German city of Munich aimed at millionaires.
The Millionaire Fair is the first in Germany, but the 14th in a series to be organized by Dutch publisher Yves Gijrath round the world in cities like Shanghai. One of the events, in Moscow, was said to have closed with 500 million euros in sales.
The 16,000-square-metre show till Sunday features 100 manufacturers of such luxury items as cigars with gold leaf in the wrapping and tablecloths with 550 diamonds sewn on.
Toys on sale will include very expensive cars and luxury yachts. German entertainment and sports personalities have been invited to a VIP opening party Thursday evening.
The Munich Sozialforum, which campaigns against poverty, said it would hold a vigil outside under the motto, 'Your rich showing off makes us sick.'
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
