The British royals are unpaid influencers-in-chief for U.K. luxury brands and they are counting on the coronation to propel demand across the globe.
contributed $60 billion to the economy, roughly 2.4% of the country’s GDP, and employed some 160,000 people. Walpole is currently updating its report on the economic contribution of U.K. luxury, but if it has grown as fast as the luxury industry overall, it now represents a $70 billion industry.
British luxury is grounded in the past and keenly focused on the present to propel it into the future.While the British military are trooping the colours for the coronation, luxury brands have been working behind the scenes toFor example, Manolo Blahnik is launching a limited-edition collection of men’s shoes worthy of a king, accented with gold embroidery, crystal buckles and English-milled silk.
And for those with greater reach, Gordon & MacPhail is releasing a single malt whisky that’s been distilling since 1948, the year of King Charles’ birth, priced at $31,000 for one of the 281 bottles that will be available. And the Mandarin Oriental Hyde Park London Hotel offers guests a Royal Retreat fit for a king and queen.
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