Doing Business In Mexico

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Consumer Goods

Success Story

Since early 2008, a number of high-end UK designer labels have established themselves in Mexico.

Burberry, Hackett and Thomas Pink now have in-store boutiques in Palacio de Hierro, Mexico's high-end department store. In addition to this, several brands are expanding their network of free standing shops around the country.

In May 2010, Accessorize opened their first shop in Mexico City which surpassed all expectations and drove the managers to open their second shop. Two additional shops opened in 2011 and the company is now considering expansion in the main Mexican cities. UK brands are considered high-end in Mexico.

 

Key Fact

Mexico is one of the largest luxury
goods market in Latin America
and international brands tend
to experience rapid growth after
entering the Mexican market.

The consumer goods sector in Mexico has grown rapidly over the last five years and prior to the current global economic downturn, increasing affluence, access to credit, a growing population - including a larger number of young people - and the continuing development of organised retail infrastructure are key factors behind the forecasted growth in Mexico's retail sales. Sub-sectors include: Fashion, cosmetics, shoes, jewellery, toys and furniture.

Luxury Goods

UK designer brands are in high demand particularly by department stores. Burberry has been in the market for over 5 years and is now expanding its presence across main cities in Mexico.

Cosmetics

Mexico is one of the leading markets for cosmetics in Latin America, the industry is valued at approximately US$8,000 Million and there are over 200 companies in the cosmetics and toiletries sector.

Jewellery

British jewellery retailers have already penetrated the market: Accessorize launched four stores between 2010 and 2011 in Mexico City.

Footwear

Mexico is recognised internationally for its excellence in the manufacture of footwear. Both the states of Guanajuato and Jalisco stand out in this area, since they have an experienced work force and have focused their efforts on targeting this niche area. There are more than 800 companies in this sector.


Business Opportunities

  • Increasing demand of high-end furniture and interior design goods (cushions, rugs, throws, decorative accessories in general, tapestry, blinds and curtains).

  • Designer fashion merchandise (apparel, shoes and accessories).

     

Contact and Further Information

More information about the specific business opportunities for consumer goods can be obtained by contacting the UKTI team in Guadalajara: 
British Trade Office Guadalajara Tel: +52 33 3630 4357 Email: jlrodriguez@ukconsulate.org

 

Source - UKTI

 

Strategic Partners