According to the second Clair Report on retained brand value from resale marketplace Rebag, the strongest handbag labels in 2021 were once again Hermès, Louis Vuitton and Chanel. But Bottega Veneta is hot on their heels.
Luxury lifestyle brand BALR is relaunching in Britain and Ireland this season and has appointed Start agency as its UK sales partner. The label launches in lHarvey Nichols, Selfridges, and the expanding Flannels chain.
If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Building on its “long-term commitment to ensure more sustainable and circular practices”, Net-A-Porter and Mr Porter have entered the pre-owned luxury watches market with Watchfinder & Co for the US market.
UK jeweller Beaverbrooks is banking on continuing growth at the luxury end of the market. That’s why the family-owned business is expanding its offer in the sector, launching a new high-end brand called Loupe.