Sunday 3 December 2017

Royal Wedding Business

When Prince Harry and American actress Meghan Markle announced their engagement on Monday, the UK’s souvenir firms sped into action. Royals are big business for the UK, and one analyst expects this year’s wedding will amount to £60m in additional sales. “The design team have been working very hard,” said Pamela Harper, chair and chief executive of London-based Halcyon Days, which will release commemorative china products once the date has been set. Kensington Palace has said the wedding will be in May 2018, but the exact date hasn’t been announced. The marriage of Harry’s older brother, William, to Kate Middleton in April 2011 boosted the number of visitors to the country by 350,000 that month alone, according to the UK Office of National Statistics. That wedding accounted for a £527m increase in UK retail spending, including £199m on wedding souvenirs and memorabilia on the public holiday, according to an estimate from the Centre for Retail Research – although Prime Minister Theresa May has ruled out a bank holiday this time around.