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New markets emerging in style with a taste of western luxury brands Written by The behalal team for Home Industry News UK & World Marketing Trends

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7/4/12  www.thenational.ae

China is expected to account for 20 per cent of the global luxury market by 2015, with spending in the country nearly tripling to $27 billion by that year from around $10 billion in 2009, according to the consulting firm McKinsey & Co. David Gray / Reuters

By Harvey Jones

Think of the world’s biggest luxury brands and you might think Burberry, Ralph Lauren, Gucci, Hermès, Cartier, Tiffany and Louis Vuitton.

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