The Luxury Network International Magazine Issue 10

TLN
News
The Luxury Network UK Celebrates
its 5th Anniversary
The Luxury Network UK, the
private membership club is
delighted to announce its
fifth birthday. They are celebrating
their expertise in amplifying brands
and businesses for success, and the
achievements of their members.
The luxury industry has undergone
major changes during recent times.
Economic uncertainty and geopolitical
crises, rapid digital transformation
and fast-evolving consumer
preferences are creating a new
competitive and challenging landscape,
which The Luxury Network
is helping clients to navigate.
The Luxury Network boasts a team
with experience working with best
in class luxury brands, headquartered
in London, the world’s luxury
capital. Boasting 28 offices worldwide
and a network of over 500
brands, the network is the next
generation of marketing for premium
brands; they specialise in forging
unique partnerships, which give
their members the edge in targeting
pre-qualified high-net-worth
clients across the world.
Members join this exclusive club
to anchor their brand in the luxury
space, building brand awareness
and creating powerful affinity
activities with like-minded luxury
professionals. Members share clientele
and activations to support
business development and client
retention. Through industry seminars
and networking at director
and owner level within the luxury
sector, they gain access to peer
group intelligence.
The UK is fast becoming the most
affordable luxury market in the
western world
Despite market uncertainty due to
Brexit, there have been few complaints
from retail brands in London,
where the fall in the value of
sterling has had tills ringing with
overseas visitors spending heavily.
Compared with China, prices in the
United Kingdom are on average 22
per cent cheaper.
Chinese arrivals into the U.K. have
now increased by a massive 58%
since 2014 with a projected 46%
growth in the next 5 years; China
now makes up 23% of tourist spend
on luxury goods in the UK, followed
by the U.S. at 13%, and the Middle
East at 12%. Luxury shopping
continues to be a status symbol
for wealthy tourists with the total
spend increasing by 41% in the last
5 years.
82