Home / Knowledge / News / Fashion / London still has potential as luxury destination: Report
London still has potential as luxury destination: Report
16
Feb '17
London continues to be the most promising city for the growth of the luxury retail sector, regardless of the Brexit vote, according to a recent report. The long-term growth potential of London as a luxury destination is more than that of other fashion hubs like New York and Hong Kong in terms of retail property and breadth of international luxury brands.

According to the Luxury and Location report conducted by CBRE and Walpole, focusing on the luxury markets in London, New York and Hong Kong, all three of these cities face their own current challenges. London is taking on board the decision of the UK population to leave the European Union, New York is under a new President and Hong Kong faces challenges with declining tourist numbers from Mainland China.

From the analysis and research, a clear case for London becoming the global luxury destination emerges, says the report.

London is benefitting from the rise in international visitors due to a weaker pound, while the market in New York is cooling. As for Hong Kong, alternative Asian markets are becoming its tough competitors.

Other factors like over 100 five-star hotels, 65 Michelin-quality restaurants and the growth beyond heritage shopping locations due to high property demand in London are resulting in a rise of the city as a luxury shopping destination, notes the report. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search