Why Luxury For Pets Is A Booming Business
Katja Schell with Eric and Dolly
Coleman Media Ltd
People may feel the squeeze on their finances, but when it comes to their pets, they are prepared to spend, with the luxury pet market providing incredibly buoyant. Data from MoneySuperMarket revealed that pet owners in the UK spend almost £500 ($620) a year on luxury items for their pets, from designer clothing and luxury beds to toys and gourmet treats, with seven out of 10 willing to spend more on luxuries for their animals than for themselves.
One of the drivers of this trend was the surge in pet ownership,…
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