China's apparently endless appetite for brands at the luxury end of the market is demonstrated by its 27.5% share of global luxury sales in 2009, accounting for sales of $9.4 billion. Key developments include the opening of the twenty-first direct Louis Vuitton shop in the Jiangsu Province, the planned 2010 doubling of the number of Versace stores in China to 44 and the move into China of a network of 50 Burberry Group stores in 30 cities in China. Such growth makes it is very likely that China will soon be the world's largest luxury market.
For brands wishing to capitalise on the growth of the Asian fashion market as well as to expand into other new markets, SGS can assist. The global network of SGS textiles experts can provide assistance with international development, aiding clients through use of the SGS knowledge base of regulations applicable to international markets.
marketing@alchempro.com
