The Jakarta Post
Louis Vuitton outlet is seen on New Bond street in London. (Shutterstock/Vladislav Gajic)
Fashionistas will probably be delighted to know that London is currently the cheapest city in the world to buy Louis Vuitton bags.
Based on research conducted by professional services firm Deloitte, in addition to Louis Vuitton, up to 64 percent of luxury goods are now cheaper in the UK compared to other countries, tempo.co reported.
The French brand’s iconic Speedy 30 bag reportedly costs Rp 10,500,000 (US$802) in London, which is lower compared to Paris (Rp 11,000,000), New York (Rp 12,700,000) or China (Rp 14,500,000).
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The trend is said to relate to Brexit, which has made the pound sterling fall more than 17 percent against the dollar since June.
“The trend makes similar items become more affordable in the UK market compared with other countries,” said Deloitte director for fashion and luxury goods Nick Pope. “The buyers don’t like paying more for the same product."
Thanks to this trend, the number of tourists visiting the country has reportedly increased; for the love of shopping, of course. (kes)
(Read also: Brexit and its aftermath for Indonesia)
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