Asia, India and the Middle East. These are the largest areas for luxury good growth . Brands like Louis Vuitton and Chanel carry lots of weight in Asia. The Gucci si aesthetic was only working with westerners.
That quote from Gia's post holds true. Why do you think there are so many asian themes lately? Fact is, these brands cater to their jet set, loyal clientel, but are always seeking out the nouveau riche. Whether that be asian markets, pop stars, athletes, or whatever. They're not marketing to the other 98% of the worlds population, where the closest you'll get to Gucci is fake sunglasses on Canal St, or maybe that one item you're saving up for.