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The UK is the number 1 destination globally for Foreign Direct Investment retail projects by Australian companies
In 2014 and 2015, Australian retail companies delivered over £203 million pounds in capital investment and 1800 jobs to the UK, making it a destination of choice for Australian retailers looking to expand and grow their business.
Brands like Cotton On, Nixon, Lovisa, Windsor Smith, Typo, Smiggle, Element and Industrie have all established successful operations in the UK, leading the way for other Australian brands to follow.
UK retail and creative opportunities for Australian business are in the spotlight this week with a visit from the Retail, Creative and Technology specialist, Tony Hughes, from the UK’s Department for International Trade. Mr. Hughes, who is also a dealmaker for DIT’s Global Entrepreneur Programme, will give the key note speech and host a panel discussion at leading retail technology trade event Online Fashion Success in Sydney on Monday 7 November on the future of retail and opportunities for Australian retail businesses in the UK. Tony Hughes said:
“It’s great to see so many Australian retailers succeeding in the UK and I look forward to meeting other businesses who wish to expand globally during my visit, and discussing how DIT can help them.
It’s an exciting time in retail with tech innovations reinventing the retail landscape, how retailers do business and how they interact with customers. The UK is at the forefront of many of these developments and has a huge retail market – sales were £340bn last year with the 3rd largest Ecommerce market globally. It presents a tremendous growth opportunity for Australian retailers looking to access innovation and expand their business internationally.”