This article is my opinion and is not legal advice. I am a retired executive with a large financial firm that specializes in mergers and acquisitions, commercial real estate investment banking, and global investments. I am an avid consumer of luxury fashion products and services and am very interested in the latest and most popular trends. If you ever need any legal or stock market advice or a referral, I would be more than happy to give it to you. Just remember this is my opinion and is not legal or stock market advice.
Luxury fashion market size is increasing around the world due to a combination of factors including consumer demand and the ability of manufacturers in China, India, and Vietnam to produce high quality products at a much lower cost. Some of the key manufacturers that are growing in their presence in the luxury fashion market include Gucci, Dior, and Chanel. These manufacturers have expanded into other countries such as Italy, where they have had moderate success but their popularity remains strong in the European marketplace. Other manufacturers focused on fashion accessories and apparel, such as Dolce & Gabbana, contribute to the global luxury fashion market size. Larger fashion manufacturers with international distribution have also seen positive growth and increase their revenues outside of the United States.
The trends that I see are very good and if consumers keep up with the trends then the manufacturers will continue to make a significant profit. Luxury fashion is a very high margin business and many of the luxury manufacturers target high end consumers. Trends can create a significant advantage for these manufacturers as the supply of products increases while demand decreases. It has been quite a while since we have seen a favorable economy for luxury fashion so let’s hope that this trend continues. Lets just hope that it stays long term.