Word: vuittons
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Dates: during 2000-2009
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Unlike other emerging markets?China, Russia, Dubai?India has consistently had its share of superwealthy consumers. Western luxury brands aren't new to India either. In their heyday, the maharajas were enthusiastic customers for Louis Vuitton trunks and Boucheron and Cartier jewels as well as Osler chandeliers. What has changed radically is that there is a burgeoning middle class of 300 million people?growing by 25 million each year...
...that has not stopped the fashion flock from, well, flocking. Louis Vuitton braved these waters three years back, when import taxes were still high. Since then, Dior has entered the market, as has Versace. An Indian edition of Vogue will soon join Elle in competition with an already robust local fashion press...
Connected to the Prudential Center is Copley, where you can splurge (or window-shop) at stores such as Louis Vuitton, Coach, Neiman Marcus, and Armani Exchange...
...Hong Kong residents no longer shop there for cheap household goods and knock-off designer clothes. But with per capita GDP of almost $7,500, Shenzhen is among the richest cities in China. Today's downtown is a jumble of traffic-clogged streets, luxury hotels, Hugo Boss and Louis Vuitton stores, and foreign eateries like Pizza Hut and Taco Bell. At the Portofino housing complex on the city's outskirts, golf carts carry residents from their lavish condominiums to the development's pricey European restaurant...
...wasn't until the 1990s that Las Vegas figured out that people couldn't gamble 24 hours a day and that despite the house's best efforts, they still had disposable income to spend outside the gaming halls. Gordon was there when blackjack met Louis Vuitton and Cirque du Soleil. His Forum Shops at Caesars Palace were a catalyst for transforming Sin City into Shop City; today those stores are among the top grossing in the country on a dollars-per-sq.-ft. basis...