Despite the rain London fashion week was opened in ernest by BFC Chairwoman Natalie Massenet
"London bestrides the world of fashion like a dapper titan and I’m proud to support London Fashion Week, which showcases the brightest and best designers working today. This week promises to be the most exciting yet, offering opportunities for even more people to feel a part of the fashion pack, with pop-up stores, live streaming and even a film festival. But it’s not just about how creative and stylish London is, it’s a big moneyspinner, bringing in orders from around the globe and generating billions for our economy." - The Mayor of London, Boris Johnson
58 catwalk shows and 15 presentations to take place over 5 days
It is estimated that orders of over £100m are placed during LFW each season; the International Guest Programme alone generates over £74m of orders (source: BFC)
London voted as global fashion capital 2012 for the second consecutive year by the Global Language Monitor (GLM)
The direct value of the UK fashion industry to the UK economy is £21 billion (source: BFC Value of Fashion Report 2010)
Oxford Economics estimates that sales of UK designer clothing have been rising by around 20% a year in the last decade, and are currently worth somewhere between £2.5 and £2.9 billion. (source: BFC Future of Fashion Report 2012)
Fashion’s wider contribution to the economy in influencing spending in other industries is estimated to stand at over £37 billion (source: BFC Value of Fashion Report 2010)
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