British fashion industry will continue to invest in Mexico

During the next four years, an 85.8 million dollar invested is expected in Mexico, incoming from 14 to 16 British companies dedicated to clothing and shoes, from the retail sector.

By Valeria Bigurra Wednesday, February 3, 2016 comments

During the next four years, an 85.8 million dollar invested is expected in Mexico, incoming from 14 to 16 British companies dedicated to clothing and shoes, from the retail sector.

 

Agustin Del Valle, head of the retail, food and drinks sector of the British embassy in Mexico, explained on an interview with the newspaper “El Financiero” that the reason why he sees in Mexico a potential market, is because he’s looking to expand the diversification of the exportations.

 

Nowadays in Mexico there are already some British brands on the retail division, such as the Hamleys toy store, which is the first one in the entire American continent, also the women’s clothing label Karen Miller, and the company Ted Baker, in addition to Dr. Martens, a firm dedicated to the craftsmanship of boots.

 

ModaBritanica

 

Some of these brands were introduced into the country during the Dual Year Mexico – United Kingdom which was announced on November 2014 and will officially end on March this year, and in which many exchanges and benefits have been achieved between the two nations involved.

 

Del Valle assured that little by little British brands are starting to expand their presence, because they used to focus mainly on Mexico City and the Center of the Republic, however now they are even considering reaching the Riviera Maya in Quintana Roo.

 

The businessman commented that as part of this strengthening they seek, the British embassy in Mexico will host a seminar for dealers and importers, where they’ll announce the series of opportunities the nation may offer in terms of growth, not only in the retail sector but also in infrastructure, education, health, food and drinks, finances, oil and gas, and also on renewable energy, among others.