All signs point to growth in the UK luxury sector, bolstered by the rise of American tourist sales, according to a recent study by Wealth-X and Walpole, an alliance of 170 of Britain?s finest luxury brands.
The fifth annual UK Luxury Benchmark Study involved the participation of 68 senior luxury market professionals within Walpole?s membership, 62% of whom are either C-Suite executives or company owners. Of the respondents, 75% stated that they expected to see full year sales increase from 2014. Up to 56% said that they have increased their workforce since 2014.

London remains the country?s luxury hub, and luxury brands continue to invest in the city. Rapid wealth creation in the North of England, as well as the government?s significant infrastructure investment plans will provide further opportunities for luxury brands to expand their footprint; 34% of respondents cited Manchester as the strongest growth city outside of London, anticipating further luxury spending in the region. ?We see the UK and moreover London retaining its status as the ?go-to? luxury hub for the world?s wealthy,? Madelaine Ollivier, Senior Luxury Analyst, Wealth-X, commented. ?The central location of the UK and its attractive business and fiscal environment ? barring a potential exit from the EU ? continues to appeal to a diverse cross-section of nationalities. London remains one of the world?s most established luxury cities and its luxury infrastructure continues to make it an exciting and dynamic p...