"Chic European brands set up shop in Turkey
Growth lifts outlook for luxury goods
ISTANBUL: European luxury brands including Harvey Nichols, Cartier and Ermenegildo Zegna are opening stores in Istanbul as growing numbers of middle- and upper-class consumers acquire the taste, and the means, for fashion.
"Istanbul has a history of luxury and culture, and a population of 12 million people," Joseph Wan, chief executive of Harvey Nichols, said Friday during an industry conference in Istanbul, Turkey's largest city. "There is high potential for the luxury market to grow here.""
More:Chic European brands set up shop in Turkey - Marketplace by Bloomberg - International Herald Tribune
