Charting the Rise and Fall of the Global Luxury Goods Market
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Charting the Rise and Fall of the Global Luxury Goods Market
Each year, new products account for approximately 15 % of LVMH sales, and some of them enjoy operating margins of up to 47 % . (For a list of the company’s brands, see the exhibit “The House of Arnault.”) What makes these statistics all the more remarkable is that many of these products at first appear utterly outlandish—a kidney-shaped handbag cov... See more
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Design (furniture, lighting, collectibles) will continue to grow its market share and position in contemporary culture as the creative class in cultural capitals seek new avenues of exclusivity. We see design replace the waning power of the art market and culture, and the over-saturation of fashion (partly due to TikTok, Instagram, and new media) c... See more