BRIEFING: Fashion houses seek fortunes in luxury boom

This month’s briefing looks at the global luxury apparel industry, which is set to boom as a growing number of wealthy shoppers, notably in the emerging markets, fuel demand for fine apparel. As the industry develops, observers expect demand for super-luxury and ecologically-friendly brands to rise as jet-set fashionistas demand more distinguished and trendy garments. The sector’s exciting growth rates come as a string of high-end fashion houses, including Prada and Versace, are preparing initial public offerings to fund big incursions into the burgeoning markets. This move is set to generate strong interest as investors seek profits from the luxury industry’s promising outlook.