Kurt Geiger is having a record Christmas after his handbags flew off the shelves
Kurt Geiger is celebrating a record Christmas after handbags flew off the shelves.
Sales of the luxury brand’s handbags rose 54 percent during the holiday season, making December the most profitable month ever for the retailer.
The British fashion label has defied the gloom in the wider industry, with boss Neil Clifford declaring the brand is ‘going big in North America’.
The group will open five stores in the US and Mexico in the coming months.
Sales of Kurt Geiger’s luxury handbags, promoted by model Emily Ratajkowski (pictured), rose 54% during the holiday season
Clifford said: “As we see our growth in the region, we believe that our creative and social spirit and our statement-making styles are not just for Londonphiles.
“We love the idea of Kurt Geiger being a global conduit for London’s pop culture scene.”
North America is the fastest growing and largest market for the brand thanks to celebrity fans including reality TV stars Kylie Jenner and singer Rihanna.
The company has benefited from rising demand for ‘affordable luxury’ as pricier rivals such as Burberry and Mulberry suffer from declining sales. A campaign with model Emily Ratajkowski shows the latest collection called Chelsea.
DIY INVESTMENT PLATFORMS
A. J. Bell
A. J. Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund trading and investment ideas
interactive investor
interactive investor
Invest for a fixed amount from € 4.99 per month
Sax
Sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account fees
Affiliate links: If you purchase a product, This is Money may earn a commission. These deals have been chosen by our editors because we believe they are worth highlighting. This does not affect our editorial independence.