American luxury handbag and accessories brand Coach says it will open 25 stores in China before June 2011.

The New York-based company has been looking for ways to raise its profile in the country in a bid to take advantage of the world’s fastest-growing luxury goods market. It now has 41 stores in China and 665 stores worldwide.

"China is our biggest opportunity as our brand takes hold and the market continues to develop rapidly," said Coach chairman, Lew Frankfort.

"We estimate that by 2013, the global luxury market for handbags and accessories will be about $29 billion, and China's share will grow to 20% from the current 10%."

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