British luxury brands gain prominence; Brexit gives it the much needed push | Apparel Resources
Home » Markets & Products » Retail Destination » British Luxury Brands Gain Prominence Brexit Gives Much Needed Push


British luxury brands gain prominence; Brexit gives it the much needed push

Share: 
      Newsletter

Apparel Online India October, 1-15, 2016

READ MORE ON Alexander McQueenApparel BrandsFashion Details

Brexit gives it the much needed push

Over the past five years, the British luxury market has undergone tremendous changes with new crop of designers bringing it to the forefront amidst its French, Italian and German counterparts. It is increasingly growing faster than 10 per cent every year; accounting for 8 per cent of the total exports and is currently worth over £ 32 billion to the UK economy. While established brands such as Jimmy Choo and Alexander McQueen continue to progress, the new brands such as Victoria Beckham, Emilia Wickstead, etc. are also showing steady growth. Though only a few British luxury brands have become global powerhouses but surely there is potential for more, believe experts. The British luxury brands,…

SUBSCRIBE TO READ IN FULL

Source: Apparel Online India October, 1-15, 2016
Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Speed, Innovation, Supply Chain and Digitalization

As Li & Fung, again missed estimates and reported its third year of declining profit, mainly due to the rise of e-commerce, challenging its brick-and-mortar business model, it reinforced the...

UK consumer’s spending to reduce in coming years

Though the initial growth figures for 2017 show signs of revival for the UK economy, a weaker sterling and higher inflation are expected to dent it, claim economists. According to...

The amazon success story…

New technologies and changing shopping habits are redefining the retail business globally with online being an important strategy for any retailer who is focusing on reaching a wider audience. And...

Macy’s aims to streamline store portfolio and intensify cost-efficiency efforts

Despite recent reports that the industry’s holiday season was shaping up to top previous estimates due to success driven by strong online sales and a burst of last-minute purchase, this...

Is it the end of the mall?

The year started with Macy’s announcing the closure of 63 stores and eliminating 10,000 jobs as the departmental store chain continued to grapple with weak sales during the holiday season....

Retail Bestsellers 2016

The year 2016 was a very difficult one, especially for retail, as consumers struggled to keep their ‘shopping’ mood in place. Weak economies, terrorist attack, political instabilities, Brexit and finally...

South Korea’s retail market shows an upward trajectory

Home of the third largest retail market in Asia Pacific (APAC-region), South Korea continues to maintain its momentum, driven by robust economic growth, rising population, increasing purchasing power and deeper...

Holiday sales at US stores a mixed bag for retailers

For retailers, holiday season is like a make-or-break time. This year, there was buoyancy brought on by factors like the seasonally crisp weather and positive marketing messaging among retailers. Planalytics,...

Russia still a major market for international retailers

Since the past few years, Russia has been facing challenges such as lower oil prices, the dwindling rubble and international sanctions for annexation of Crimea, resulting in real incomes falling...

Dilemma looms over holiday shopping sales

All eyes are turned towards developments in America, post the victory of Donald Trump as the next President of the United States, followed by various protests and question marks on...