As growth in China slows, tapping post-recovery America is rising to the top of the fashion industry’s agenda.
For fashion brands, watches have emerged as a key vector of growth, often powered by licensing deals with Fossil Group, a watchmaking behemoth that designs, manufactures, distributes and markets million of watches per year.
Some of the world’s largest fashion brands are creating branded hotels and private residences as well as the homewares to fill them, tapping easy additional revenue streams and constructing powerful brand beacons in emerging markets.
In recent years, the number of fashion companies that have gone public or been acquired by large luxury groups has accelerated dramatically. What’s driving the deal flow?
The European luxury goods sector will continue to expand over the next five years at 6-7 percent, with the majority of growth driven by consumers from new markets, revealing just how dependent the sector has become on emerging economies.