Less than two weeks after the death of former UK Prime Minister Margaret Thatcher, the consumer goods market is responding in positive fashion.
Thatcher, who passed away on April 8 due to complications from a stroke, was known for, among other things, the ultra-trendy handbags that she could always be seen carrying. Her death has led to a jump in sales for the maker of those bags.
Designed by London's Launer, the Bellini and Adagio bags have reportedly seen a sales spike of more than 50 percent since the former prime minister's death.
"Since the announcement of Baroness Thatcher's passing, Launer has seen a 53 percent sales rise across black, structured handbags that Baroness Thatcher loved," Launer said in a press release.
Furthermore, the accessories company suggests that the biggest increase in sales occurred on the morning of Thatcher's funeral and on the evening of her death.
"Over 75 percent of these sales were domestic, which was surprising considering when sales rose following Her Majesty the Queen wearing Launer handbags at the Jubilee and Royal Wedding, the majority of sales were international," Launer said.
Thatcher first received a Launer bag by the company's chief executive, Gerald Bodmer, as a present in the 1980s, and they have been in demand ever since.
In 2011, an Asprey handbag, carried by Thatcher during her 1985 meeting with U.S. President Ronald Reagan at Camp David, was sold at auction for 25,000 pounds ($37,500).
My name is Carey Vanderborg and I'm a journalist working in New York City. I love food, travel, craft beer, live music and writing about all of the above.