Luxury goods boom in Britain as super-rich youngsters weather recession
They are young, wealthy and mortgage-free, and the descendants of the 1% are in their twenties. Despite the economic gloom currently surrounding the UK and many other Western countries, sales of luxury brands have exploded and a growing number of shoppers are young adults. Swiss watches, Louis Vuitton sneakers, rare Birkin bags and 81-year-old whiskeys …
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