1. Paris
2. Milano
3. New York
4. London
5. Tokyo
6. Sao Paulo/Rio
7. Hong Kong
8. Madrid/Barcelona
9. Sydney
10. Singapore or Dubai
i would pretty much keep the same order, although i'd say 6. Hong Kong, 7. Madrid/Barcelona, 8. Sao Paulo/Rio. may not be fair as i am clearly influenced by the fact that my hometown is barcelona, but i also think (in a much more objective way) that Barcelona is getting in the past few years more coverage not only in terms of fashion but design in general. hosting Bread&Butter twice a year has clearly changed it's relevance as a european fashion week.