Women’s Wear Daily
04.16.2014
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fashion-scoops

Chain Reaction... Helena Christensen Plots Mile-Long Runway...

Armand and Martine Hadida are kicking off celebrations of the 30th anniversary of their Paris chain of L’Eclaireur boutiques.

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LONG LIVE LUXURY: A third of U.K. luxury goods firms are expecting sales this year to rise at least 10 percent, according to a new report by Walpole, the nonprofit organization that represents British luxury brands, and the London-based Ledbury Research. The U.K. Luxury Benchmark study is the first of its kind and is based on a survey of more than 60 senior executives across the fashion, jewelry, watch, hotel and automotive sectors. “The results show the financial crisis was a huge shock to the system, forcing companies to revisit the fundamental values of their brand. They also show that these companies are bullish about the future,” said Guy Salter, deputy chairman of Walpole, which commissioned the report. The findings reveal that sales last year were much better than expected, with 38 percent of companies posting growth. Overseas markets account for at least one-third of annual sales for most British luxury brands, while tourism generates more than 25 percent of sales for about a quarter of those surveyed.

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