to conquer the Asian market for luxury goods

  Asia is expected to be between 50 and 60 percent of luxury sales in the next 10 years. The region currently accounts for about two-thirds of the market, but a decline in sales of high-end products in recent years. However, the decline does not appear to be a cause of long-term concern. China is expected to be the primary driver of earnings, with an estimated 13 million households with an average income of $ 150,000 (€ 96,720) or more in 2030, The Telegraph reports. India is also expected to see an increase in luxury goods purchase, with the average budget of over $ 50,000 (€ 32,284) in the next ten years. The country is called "battleground for luxury brands opened key as the retail market to foreign investment" to said Jon Copestake, Miu Miu bag EIU director of retail and consumer analyst.