London Is Attracting Big Luxury Spenders Despite Broader Economic Challenges [Yahoo! Finance]
BRUNELLO CUCIN UNSP/ADR (BCUCY)
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Source: Yahoo! Finance
continues to thrive as a retail and property hot spot, and to attract high-end customers, according to the luxury industry lobby Walpole. In their second annual “State of London Luxury” report, Walpole and property owner Cadogan describe the British capital as a “leading global hub” for luxury goods. More from WWD The report was published as part of Walpole's Culture month, which coincides with the opening of a host of art, design and antiques fairs, including Frieze, Frieze Masters and PAD. “London's secret as a global luxury capital is its slick, dynamic blend of creativity, culture and luxury,” said Helen Brocklebank, chief executive officer of Walpole, a not-for-profit organization that represents 250 brands ranging from Burberry and Alexander McQueen to Rolls-Royce and Glenfiddich. The city, she added, is “unique, and appeals to affluent residents, high-value visitors, retailers and international investors alike. The key to success, both in today's tighter market and in
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