Asian Fashion Brands are Beginning to Pose a Real Challenge for Western Luxury Brands
Fashion brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying home-grown labels. Asian consumers are the world's biggest spenders on high-end fashion, representing around half of total buyers. Most of them are under 35, Internet-savvy and increasingly on the hunt for small, cool, ori