First, the good news. Tourists are back in London. And the bad news? They’re not generally there to shop with the withdrawal of the VAT-free perk post-Brexit directly affecting their behaviour. Photo: Pexels/Public domain That’s according to Prosegur ChangeGroup, one of the world’s largest currency exchange firms, which found that the “vast majority” of London tourists [...]read moreTourists flock to London… but they’re not shopping
By Bloomberg Published Apr 17, 2024 LVMH’s first-quarter results brought reassuring signs that wealthy Chinese shoppers are splashing out on luxury items — just not in China. See catwalkLouis Vuitton – Fall-Winter2024 – 2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight The world’s largest luxury group — with 75 brands ranging from Louis Vuitton [...]read moreRich Chinese tourists drive luxury demand in Japan on weak yen
Rajkot: The Anti Corruption Bureau (ACB) has booked Una police station police inspector N K Goswami, assistant sub-inspector Nilesh Chaganbhai and middleman Nilesh Tadvi for accepting bribe from tourists coming from Diu to Gujarat at a check-post in Una.ACB deputy superintendent of police (DSP) in Junagadh has registered a complaint, stating that based on specific [...]read moreUna PI: Una PI, ASI booked for accepting bribe from Diu tourists | Rajkot News
The impact of UK tax-free shopping’s absence on international visitor spending in the last 12 months has been “stark”, according to the New West End Company. Photo: Pexels/Public domain Presenting figures ahead of the government’s Spring Budget (6 March), the body, which represents retailers across London’s key West End shopping district, noted that although there [...]read moreTourists are back in London but spending less says NWEC
By Bloomberg Published Dec 22, 2023 2024 is the Year of the Dragon, but it may not be so lucky for luxury brands. Even though Chinese consumers can now travel to Europe individually or in groups, investors shouldn’t expect them to rush over to stock up on Cartier watches and Hermes handbags. The long-vaunted revival in [...]read moreParis and Milan dream of the return of Chinese tourists