2024 JULY ISSUE
MARKET INTELLIGENCE
SHORT READ
| PART 1
Contents:
Anta’s New Challenge
LVMH Wants to Have Stronger Influence in Media
Prada Posted 17% Increase in Its 2023 Revenue
Sephora, the Beauty Retailer in LVMH Group
Shein Might Seek for IPO in London
H&M is Entering Into the Age of Circular Polyester
Fashion Retailers Are Opening Stores in Ukraine
LVMH is Bullish in Its Venture in China
Macy’s is in the News
Taste of Chinese Luxury Shoppers Have Changed
Brady Merville, A Thin-Girl Appeal Clothing
Shein is Getting Ready for IPO
LVMH Has a Foothold in Design District Miami
What is Happening to the E-Commerce for Luxury Sect
Richemont is in an Effort to Offload Yoox Net-a-Porte
White Knight of the UK Fashion Business
Inditex is Getting ready for Competition
Written by Andrew Sia
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From the Desk of the Publisher
With this piece of writeup, I have featured four times LVMH and they are all quite lengthy. Also at this time Forbes announced that the richest person in this world at this time is its founder Bernard Arnault. It was as early as 1997, LVMH bought Sephora, although it is not exactly a high-margin luxury beauty company, it is actually a multi-brand retailer with affordable price to serve a more main stream customers.
I found it interesting to know LVMH’s China strategy even when the luxury industry is more of a capitalist product. Sometimes you have to be really lucky and not to have crossed their line, unlike the high-tech industry who has been cracked down without knowing the exact reason behind.
Then I am most impressed with LVMH’s development in Design District, which turned wasted land into mecca for luxury goods. I am going to ask my contacts there to write about the place and tell us the successful story behind the development.
Other than all these, I also come across the UK fashion retailing and found many of the mid-tier retailers have went out of business. A few of them are lucky to have been rescued by Next, who is a strong player in the mid-market. It created a total platform and put in the products, and consolidate their IT and warehouse to share cost. By doing this, Next has found a successful business formula for them. It is no wonder that its earning has been outperforming with its rival like M&S.
Please enjoy this piece of writeup.
