1 of 7
The UK luxury sector is set to double over the next five years to £12.2bn in 2017 from £6.6bn in 2012. Singer Paloma Faith (L-R), actress Sienna Miller and Harry Styles from the band One Direction sit on the front row before the presentation of the Burberry Prorsum Spring/Summer 2014 collection during London Fashion Week
Reuters
The UK luxury sector is set to double over the next five years to £12.2bn in 2017 from £6.6bn in 2012. Singer Paloma Faith (L-R), actress Sienna Miller and Harry Styles from the band One Direction sit on the front row before the presentation of the Burberry Prorsum Spring/Summer 2014 collection during London Fashion Week
Reuters
British Fashion Council figures show that fashion contributes £21bn into the UK’s .5tn economy. Here, British model Cara Delevigne presents a creation from the Burberry Prorsum Spring/Summer 2014 collection during London Fashion Week.
Reuters
Mulberry is banking on buyers of expensive silks, silvery jacquard coats and dark coats with pony-skin panels to boost sales. "I think the customer is still there. I think the customer is certainly focusing on quality,” said Mulberry Chief Executive Bruno Guillon after the luxury label's spring/summer 2014 womenswear show.
Reuters
Julien MacDonald showcased sparkling evening gowns in pale golds and unveiled apparel that spared no expense. "The people who buy my clothes have everything. They are for people with vast wealth. The economic world never affects people who are glamorous, especially those who have sparkle," said Julien Macdonald.
Reuters
Alice Termperley’s chief executive Ulrik Garde said "I see it as positive that the customer is becoming more and more demanding," as the brand launched luxurious heavy silk gowns in pink, mint and rich plum colours. "People want to buy into authenticity of brands," he added.
Reuters
Mario Ortelli, Bernstein luxury goods analyst said "British brands developed very well recently - Burberry and Mulberry ... stress a lot on British heritage and this is beneficial for the whole British luxury industry.” Here, models present creations from the Burberry Prorsum Spring/Summer 2014 collection during London Fashion Week.
Reuters
Burberry’s Chief Executive Angela Ahrendts said there were more US and Asian buyers in town and therefore provides a more rosy outlook for sales. Here, Vogue's fashion market/accessories director Virginia Smith (L), US Vogue editor Anna Wintour (C) and European editor-at-large for Vogue Hamish Bowles sit on the front row before the Burberry Prorsum Spring/Summer 2014 collection during London Fashion Week.
Reuters
British designers have clearly put the recession on the backburner and spared no expense in ramping up its luxury offerings at London Fashion Week.
With the UK luxury sector set to double over the next five years , designers such as Mulberry, Burberry, and Julien MacDonald adorned their garments with gold, silver, diamonds and pony-skin to cater for rising demand in pricey apparel.
Check out our slideshow for London Fashion Week highlights and what the designers have to say about their burgeoning brands.