24 Dec '12, 11am

Read for free: How the #luxury sector is fragmenting as tastes in emerging markets shift #fashion

Read for free: How the #luxury sector is fragmenting as tastes in emerging markets shift #fashion

The sector is looking to emerging markets to drive its global growth. It is focused particularly on China , where the market has expanded approximately 20 per cent a year for the past four years, according to a recent McKinsey report (though it is currently slowing) and where many brands now can derive up to half their revenues. But the need to reach new consumers is beginning to conflict with the perception among those consumers of what constitutes luxury.

Full article: http://www.ft.com/cms/s/2/2f99fcc6-4aef-11e2-929d-00144fe...

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