Luxury is the new black: Boomtown for specialist agencies in London as M&A activity heats up

MMGY's acquisition of Grifco and Ophir this week could herald a stampede by foreign investors looking to buy up skills or a London presence in the luxury travel and lifestyle sectors. The pound is at a low against the dollar, London is a vital hub for the luxury sector and Brexit is of only passing concern - all of which create ripe conditions for a boom in M&A activity.

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