Exclusive extracts from this 70-page-long report:
- Who are the key players?
The global luxury market is dominated by a handful of multinational conglomerates with large portfolios of specialised luxury brands. The majority of leading luxury groups and brands are concentrated in Western Europe, particularly in France, Italy, Switzerland and the UK. In other key luxury markets, such as the US, Japan and China, only a few brands are established luxury companies. [...]
Groups analysed in this report include: LVMH, L'Oréal Luxe, Kering, Estée Lauder, Richemont, Luxottica, PVH, Swatch Group, Chow Tai Fook, and Ralph Lauren.
- What are the players' strategies?
In order to strengthen the company's foundations around the globe, Luxottica has adopted a multi-faceted approach, which entails continued expansion into new markets and omni-channel retail development, bolstered by the creation of three new logistics-production hubs in Italy, the US and China, as well as innovation in products (Ray-Ban carbon fibre eyewear) and digital marketing (virtual try-on technology for Ray-Ban.com). […]
- What are the players' key growth and profitability drivers?
2017 was yet another year of strong growth for Kering. Luxury sales, which accounted for 70% of the group's total revenue, jumped more than 27% during the year owing to strong sales performances across its leading brands such as Gucci (+42%), Saint Laurent (+23%) and other luxury brands (+12%). More generally, luxury groups also benefitted from stronger demand from Asian consumers, and saw margins improve on the back of higher comparable sales growth and an increased foray into online sales. [...]