Fashion Friday: The Expanding Affordable Luxury Goods Market in Asia Pacific
Luxury Goods in Asia Pacific have not fared well, suffering from weak economic stability. However, this has given a rise to affordable luxury goods in the country. These goods cater to consumers with lower spending power but who want to upgrade to luxury items. Large consumer markets, growing income levels, growing urban areas and a large middle class exist in many areas of Asia-Pacific and all help increase performance of affordable luxury goods.