New York has regained the crown of world fashion capital of 2010 wresting the title from Milan.
"As the global fashion industry adjusted to the new economic reality, New York rebounded to the No. 1 spot it has now held for six of the last seven years," says GLM's Rebecca Payack in a statement.
"This year's list of the top fashion capitals shows the global fashion industry to remain in flux, with the relative decline of some of the previously leading players and formerly regional players emerging as significant new influences," Payack says.
The world fashion business is estimated to be over USD three trillion.