U.S. designers lag European labels in wooing China
NEW YORK (Reuters) - China is in fashion for top U.S. designers as they look to tap the world's fastest-growing luxury goods market amid a slow economic recovery at home, but critics say they have lagged their European rivals in seeing the Asian giant's potential. Among Chinese consumers the top five brands for the past two years were all European -- Louis Vuitton, Chanel, Gucci, Dior and Armani -- according to Bain and Co, which estimates China's luxury good sales grew by up to 30 percent in 2011. ... read more..
source:http://yhoo.it/zhmd6E
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