Al Arabiya TV
Cyrille Fabre, a partner with Bain & Company and the leader of Bain's Retail and Consumer Products practices in the Middle East, confirmed in an interview with Al Arabiya that 2015 witnessed a general shift in the region's luxury goods market. This was greatly affected by lower spending by the Russians and Chinese, in addition to a stronger dollar and a slump in oil prices.
(Article and video only available in Arabic)