Home / Knowledge / News / Apparel/Garments / Overseas retailers choose London as gateway to Europe
Overseas retailers choose London as gateway to Europe
03
Jan '13
More and more international apparel retailers are choosing London, the global fashion capital, as their favourite location to test European expansion, according to a report from property agent Jones Lang LaSalle, Telegraph reported.
 
Last year, China’s publicly-traded apparel company Bosideng International Holdings Limited opened its maiden outlet at Mayfair, London, ahead of its European expansion.
 
Despite UK’s ongoing economical crisis, many American retailers like Victoria’s Secret and Rag and Bone are planning to foray in London, which has beaten favourite destinations like Paris and Moscow by accommodating more than 250 international retailers in the recent years, Guy Grainger, head of retail at Jones Lang LaSalle, told Telegraph.
 
In addition to the successful recent past record of retailers who have opened their stores in London, the humongous size, maturity, retail market transparency and the huge number of tourist shoppers have all been touted as the major reasons which have contributed in making the city a safest bet for international retailers to expand, Telegraph quoted Grainger as saying.
 
However, the story is not so hunky dory for everyone as some of the high-profile high street fashion labels like Comet, Clinton Cards, Game and JJB Sports fell into administration in the year 2012, according to accountancy firm Deloitte, which was appointed as the administrator to Comet.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X