Discreet Luxury Goods Still Favoured in Financial Crisis?

Financial crisis? What financial crisis? Are we still happy to pay big money for luxury handbags It was only the middle of last year that due to the recession customers were spending up on logo free handbags. Luxury lovers are rejecting signature prints and other heavily branded bags for more subtle designs.Lana Marks handmade leather alligator Positano bag

Remember when designers such as American Lana Marks, whose hand made leather Alligator Positano bag sold for £15,000 showed us we were still prepared to splash the cash, albeit, more discreetly.

Lana Marks handmade leather Alligator Positano Bag

So with the rise in VAT, fuel and endless others no doubt on the way are we still spending money on less obvious lines?  The weaker pound had enticed shoppers from Asia and the rest of Europe. 

The handbag market then exceeded £500 million in the United Kingdom for the first time last year, but market researcher Mintel still predicted a slump then due to the recession.

Will the January sales figures be buried conveniently as the UK brace themselves for government cuts? So I ask the question, are we still spending but less obviously??

See my own blog on Luxury And The Cuts In Spending Love Mimi