Luxury brands eye India and China
Emerging markets like India and China are the new hotspots for luxury brands with India being called the 'final frontier' for luxury products.
A slowdown in mid-market consumer spending on the back of rising living costs is starting to pressure sales of luxury goods in Europe and the U.S.
That's meant luxury brands are increasingly heading to India and China, tapping into their rising economies and growing middle classes.
Basmah Fahim reports.
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