"There were no big surprises in the parts of the market that drove store expansion in 2021, with the big luxury houses stepping up their dominance. However, we did see jewellery & specialist watch brands become more acquisitive compared to pre-pandemic levels"

"Funding and M&A activity increased significantly in 2021, will this translate into store expansion?"

"The focus on major domestic markets will be the key trend shaping physical luxury retailing in 2022. However, there are several other trends shaping the wider luxury space that will also have a bearing on physical retailing"

"Drawing on recent trends we provide our outlook for luxury demand and what this could mean for rents going forward across key regional markets"