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Luxury menswear market segment grows more than that of womenswear

Don’t you think men are becoming more fashionable than women? Well, you may like to know that a recent research indicates that luxury menswear market segment is doubling its growth rate more than that of womenswear. A consultancy firm, Bain & Co, reported that the high-end menswear market grows at 14 percent annually compared to a lesser 8 percent a year for women's clothing. According to the research, majority of the growth is happening in China where men consist of 75 percent of the luxury market that by 20 to 25 percent annually. However, the menswear boomis not limited to China, as it’s been witnessed elsewhere in the world.