By  on August 4, 2014

Emerging markets are poised to quadruple their share of luxury apparel spending over a two-decade span with rapidly growing cities accounting for the largest share of the expansion.

A report from McKinsey & Co.’s apparel, fashion and luxury group, titled “The Glittering Power of Cities for Luxury Growth,” found that the share of spending on luxury women’s ready-to-wear in developing markets, just 8 percent in 2004, more than doubled to 17 percent in 2011 and is likely to nearly double again, to 32 percent, by 2025.

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