The Asia luxury goods market is experiencing growth driven by a rising middle class and leveraging digital platforms.
1 report, 1 independent
Updated Jul 15
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What happened
The Asia luxury goods market is experiencing growth driven by a rising middle class and leveraging digital platforms.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Global luxury market growth is slowing amid economic uncertainty, with LVMH securing 24.3% market share.Also in this story
- Amid macroeconomic tensions and market slowdowns, luxury brands Prada and Versace are expanding their flagship presence in historic locations like Galleria Vittorio Emanuele II.
- Hermès, Kering, and Louis Vuitton are competing in the luxury goods market amid analyst downgrades.
- Luxury makers, including Mercedes-Benz, Audi, and BMW, are raising prices due to cost pressures linked to global economic trends.
The entities involved
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LVMH
French multinational luxury goods conglomerate
- LVMH acquired Celine to manage its luxury market presence, while Michael Rider gained experience leading the revitalization of the Ralph Lauren brand, guided by Phoebe Philo.
- Agache is becoming the controlling entity for LVMH through a corporate control chain simplification, with Bernard Arnault involved in the leadership structure.
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Kering
French business (1962-)
Coverage
Newest first; wire copies grouped- GlobeNewswireAsia Luxury Goods Market Forecast and Company Analysis Report 2025-2033, Featuring Breville, Panasonic, LVMH Moet Hennessy Louis Vuitton, Kering, Estee Lauder, Hermes, Rolex, and The Swatch Group The