"While it’s a given that the emerging markets and China are driving the growth of luxury markets, there is also potential to grow in cities like Milan and New York which are still underserved given the actual market potential of these markets.”

BCG's Abheek Singhi discusses changes in the luxury market.

Women's Wear Daily spoke with BCG's Abheek Singhi on changing consumer preferences and the growth potential of the global luxury market.

Women's Wear Daily