BT MAGAZINE 2024 VF no marks 8 oct - Flipbook - Page 74
ISSUE 17
§
A Look At The Luxury Market
Written by, Will Lamond, Investment Director, Oakglen Wealth
I
n the luxury sector, where opulence and exclusivity reign supreme, a select group of companies have
established themselves as market leaders. Over the last few decades, the industry has witnessed significant
growth, expanding its range of participants and products to include fashion, jewellery, watches, cosmetics,
automotives and hospitality.
When one looks at the luxury sector by market capitalisation, 9 of the top 10 are listed on European exchanges
(4 France, 3 Italy, 1 Switzerland and 1 Denmark), with the Titan Company (India) being the only external listing.
Christian Dior Se has been excluded from the below list as it is nearly 100% owned by LVMH and so consolidated
within its accounts and at some point in the future will not exist as a separate listing.
In recent months, the sector has come under the microscope as sales and profitability in some of the industry
heavyweights have been constrained by an aggressive inflationary environment in the Western world, a lack of
economic recovery in China and heightened geopolitical issues.
7 474
