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
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.
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.
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.
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.
British jewellery retailers have already penetrated the
market: Accessorize launched four stores between 2010
and 2011 in Mexico City.
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.
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
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: firstname.lastname@example.org
Source - UKTI