New Market Study Published: Luxury Goods in the United Kingdom
The UK luxury goods category has successfully battled the negative effects of the recessionary hangover which loomed in 2012. In 2013 it saw stronger growth than in 2012, as a mix of international tourists, investment purchases and positive marketing strategies helped boost value growth. Additionally, a younger demographic started spending more on affordable luxury in 2013, saving for entry-level products, such as luxury accessories.
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