HOW LONG CAN THE BREXIT EFFECT BOOST U.K. LUXURY SALES?

For 9 months, luxury retailers in the U.K. have enjoyed a positive result from Brexit, taking advantage of a sharply lower Sterling Pound as cheaper products for large numbers of foreign visitors to London, particularly Russians and Americans. In late April 2017, the British Sterling Pound was trading at about 15% lower than the US$. “During Q1 to March 2017, sales of duty-free products grew by 39% in London”, said the London Luxury Quarter Association, which represents 60 high-end luxury...