China's growing wealth lifts luxury industry

On the final day of the FT Business of Luxury Summit in Lausanne, Rachel Sanderson, Milan correspondent, and the FT’s Daniel Garrahan look back at interviews with the CEOs of Coty, Stella McCartney and Krug, and find a buoyant luxury industry focused again on M&A activity and the growth coming from emerging markets, with luxury goods now a symbol of the growing middle class wealth in new markets like China.