The Luxury Industry In Britain Sold 6 Billion 600 Million Pounds In 2012.

< p > according to the latest research report of Walpole (Walpole) and British market research firm Lud Brie (Ledbury Research), the sales of luxury goods in the UK will double in the next 5 years, such as Burberry (Burberry), Harold (Harrods), Zhou Yangjie (Jimmy Choo) and other well-known luxury brands will grow strongly in the global market.

The two agencies also said that the luxury industry in the UK is expected to reach 12 billion 200 million pounds in 2017, compared with 6 billion 600 million in 2012.

83% of British luxury brands will achieve substantial growth this year, with sales reaching 12%, reaching 7 billion 400 million pounds.

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< p > Brazil, India, Russia and China will become the overseas markets of British luxury brands, because they predict that the 4 regions will expand the fastest.

Brazil and India are defined as "important target markets", while Russia and China are defined as "important potential growth markets".

Now, only 13% of British luxury brands are doing business in Brazil, but with the advent of the Olympic Games and the world cup, 52% of British brands are ready to enter the market.

The India and Brazil markets are very similar. The report shows that 23% of British luxury brands have entered the India market, and more than 50% of the brands are planning for this long-term. But at the same time, they are faced with some huge challenges, such as lack of infrastructure construction, ignorance of local business culture and regulatory environment.

In addition to the BRICs, South Korea, Mexico, Indonesia and Vietnam are also considered to be the target markets for luxury brands in the UK.

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< p > this report not only focuses on overseas but also focuses on the UK domestic market. Through interviews with some luxury brand executives, they see the importance of luxury centers in the UK.

There is no doubt that London still maintains a leading position in luxury consumption.

At present, 81% of the brands are operating outside the capital. Manchester is the most expensive city in London except for London in 2012, followed by Edinburgh.

Bermingham, Glasgow and York also have strong demand for luxury goods.

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Besides, P also plays an important role in the growth of the luxury industry in the UK.

American consumers are still the main consumers of luxury goods in Britain, while Chinese tourists are the fastest growing consumer groups.

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< p > Walpole, British luxury executive Julia (Julia Carrick), said: "although the UK is still in the background of the European economic crisis and the economic environment is very difficult, the UK luxury industry is stable, and has maintained very strong growth."

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