Lux In

Burberry has posted sensational 30% like-for-like growth in UK sales over the quarter to 30 September as tourists flock to the UK. Despite falling sales in the US, the luxury British brand also anticipates a £125m windfall from currency translation, on account of the weakened pound. This follows a report from Deloitte that London is now the most affordable global market for luxury goods.  As retailers reflect on pricing in response, London’s premier shopping streets are likely to be beneficiaries.