Luxury retail might be struggling globally, but it’s thriving in London Business It’s somewhat surprisingly that luxury retail in London is doing so well, particularly given eye-catching figures about a wider downturn in the luxury market, the effect of the tourist tax, and the potential exodus of high-net-worth non doms from the capital. But while these “handicaps” – particularly the tourist tax – have hampered demand somewhat, [...]
Victoria Beckham’s beauty brand bucks luxury fashion downturn again Retail Victoria Beckham’s eponymous beauty brand has reported its third consecutive year of double-digit growth, bucking the trend of much of the luxury market. Its positive results came after it clambered out of the red in 2022 for the first time since its inception in 2008, despite a tough industry. Total revenue rose by 52 per [...]