Europe's luxury retailers appear to be back with emphatic bang
Sector gaining from recovery in Chinese consumer spending, Europe's tourism sector, and catering to millennial tastes
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London
ON London's Bond Street, home to some of the most expensive retail space in the world, only one store needs to instigate crowd control, the luxury brand of the moment: the Italian fashion and accessories powerhouse Gucci.
By mid-morning on a wet and windy British midsummer day, burly security guards had erected velvet ropes along one side of the store's gilded floor-to-ceiling windows. Inside, a dozen black-clad assistants raced around on magenta carpets, serving the 20-some customers on the ground floor. An orderly line made up mostly of tourists formed outside, many of them looking hungrily through the corner store's glass panes.
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