Apple, Starbucks and BMW soar in Asia

Arjen Los of Dominion Fund Management on why Asia's passion for luxury goods shows little sign of slowing down.

The world’s economic structure is shifting its centre of gravity towards developing markets and this has transformed the global luxury goods market. Many companies have been able to successfully export their products without specification changes, others have chosen to adjust their products or brands to meet accelerating local demand and take advantage of the growth in discretionary spending. A new landscape for luxury The luxury goods sector, as we know it, was primarily defined by the rapidly growing middle classes, the baby boomers, of post-war Europe, US and Japan. Today, luxury pr...