Lux brands are loving the collapse of the pound
October 31, 2016
Watches and jewellery sales have increased 16% since march last year.
Experts are calling it the Brexit effect.
One of Cartier’s most expensive watches is now $15,000 less to buy in the UK than it is in France. Louis Vuitton bags have a discount of around $200.
LVMH were able to increase prices in the UK by 10% last week without experiencing any loss in sales. Burberry meanwhile have reported a 30% increase in sales from the UK.
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