By  on December 14, 2009

Luxury goods companies and fashion houses shifted their focus Eastward in 2009 with a flurry of store openings and special events.

While China and other emerging markets in Asia certainly felt the impact of the economic crisis, they did so to a considerably lesser degree than the U.S., Japan and Europe. And companies eager to offset slumping sales in many corners of the world reached out with increasing frequency to new customers in Hong Kong, Shanghai, Beijing, Singapore, Macau and elsewhere — even Mongolia.

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