Are we bitter about Brexit? When you see how well Ireland is doing as a part of the EU, the answer is a resounding yes. In the first quarter of 2022, The Republic’s economy, powered by a population of five million people, grew by 10.8%, one of the strongest performances seen anywhere in the world. Coupled with brand value growth of 11% to $670 billion, we can only look at what’s going on in the UK with a tear in our eye.
In the next year Calvin Klein, Watches of Switzerland, Crew Clothing and Bimba y Lola are planning to open in Dublin. Alongside these, Brown Thomas, the country’s principal luxury store, has ambitious expansion plans, having bounced back after the pandemic with an 11% increase in sales. Earlier this year it unveiled a £10 million store in Dublin’s Dundrum shopping centre, the first opened by parent company Selfridges Group for six years. Hosting brands such as Givenchy, Balmain, Alaïa, Stella McCartney and Moncler, it has a strong focus on luxury’s hottest current trend — sustainability.