UK: luxury market to grow 57% by 2015
The continued success of brands such as Burberry and Jimmy Choo will help the UK luxury sector to grow by 57% to £9.4 billion by 2015, according to research from luxury trade body Walpole.
The UK Luxury Benchmark Survey, published in collaboration with research firm Ledbury Research, found that 91% of the luxury brands surveyed were confident of sales growth over 2011. The market is due to grow by 10% this year, according to the research.