Kering readies its big brands to do battle on Fifth Avenue A whopping 963 million dollars… Such was the total at play in a major real estate transaction recently finalised between Kering, retail giant SL Green and New York property tycoon Jeff Sutton. Situated at 715-717 Fifth Avenue, the space's strategic value cannot be understated. 🤼 As it is, the location is in a relatively competition-free neighbourhood. Indeed, though Giorgio Armani is currently just next door to the new acquisition—on the corner of Fifth Avenue and 56th Street—it is set to move further up Madison Avenue: good news for the Kering brand that will fill the new space. This stands in stark contrast to Gucci's location at 725 Fifth Avenue, for example, which became less desirable when Prada moved in across the street, at numbers 724 and 720. ❔In its drive to reconquer the US market, Kering has an array of choices of strategic brands to allocate the much sought-after location: BALENCIAGA, Gucci, Saint Laurent, Bottega Veneta, Alexander McQueen… Yet as of now, the jury is still out as to which brand it will be. 📈After 2023—a year in which LVMH monopolised much of New York's Fifth Avenue—Kering now looks to be on the up and up. Yet it must first complete significant renovations on the space to prepare it for whichever fortunate brand is chosen to fill the highly-strategic location. To learn more about this strategic real estate acquisition, read our free investigative article: https://lnkd.in/eyxs2vtn
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Luxury Brand Management Professional | University of Southampton | M.B.A - Marketing Communications
Prada Group recently invested in a retail store in New York at the New York Fifth Avenue. People who are updated on the real estate scenario worldwide, would know that New York Fifth Avenue is the world's most expensive retail street. The brand paid a sum of $425 million for the store! Americas has been a week spot for Prada this year. While the company witnessed a double digit growth across Europe and APAC, sales in Americas was not really favourable. In this scenario, this investment clearly comes across as a strategic move. Does this conclude that while brands are focusing on extending and investing in their digital presence, offline retail still takes priority for luxury brands? #Prada #LuxuryBrands #Retail
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Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 180,000+ followers
The 13 largest #luxury companies by market cap. Four fun facts: → $LVMH's market cap is more than double the size of the bottom ten companies combined. → $RMS is by far the largest single-brand company on the list, at 3.3x the size of $RACE. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, Brioni, and Bottega Veneta, $KER's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. was acquired by LVMH during the pandemic at a $16B valuation, which would place them at #8 on this list. Source: Quartr
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Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 180,000+ followers
Quartr just created this infographic that illustrates the 13 largest #luxury companies worldwide by market cap. Four intriguing facts: → $LVMH's market cap is almost 60% larger than the combined market caps of the bottom 10 companies on the list. → $RMS is by far the largest single-brand company on the list and ~3.5x larger than $RACE. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, $KER's revenue is "only" ~€20B, compared to Hermès' €13B. → Tiffany & Co. was acquired by LVMH during the pandemic at a valuation of $16 billion, which would place them at #8 on this list.
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Luxury Education Program Manager & Lecturer | Phd Student in Business - Focus: Client Experience in the Luxury Sector
2023 public luxury businesses studied by Quartr . Interesting analysis showcasing a resilience’s of success for those businesses on a competitive market #luxury #2023trends
We just created this infographic that illustrates the 12 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list.
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Quartr just created this infographic that illustrates the 13 largest #luxury companies worldwide by market cap. Four intriguing facts: → $LVMH's market cap is almost 60% larger than the combined market caps of the bottom 10 companies on the list. → $RMS is by far the largest single-brand company on the list and ~3.5x larger than $RACE. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, $KER's revenue is "only" ~€20B, compared to Hermès' €13B. → Tiffany & Co. was acquired by LVMH during the pandemic at a valuation of $16 billion, which would place them at #8 on this list. 𝑷.𝑺. 𝑴𝒚 𝒆𝑩𝒐𝒐𝒌 '𝑩𝒆𝒚𝒐𝒏𝒅 𝑾𝒂𝒍𝒍 𝑺𝒕𝒓𝒆𝒆𝒕' 𝒊𝒔 𝒐𝒖𝒕 𝒏𝒐𝒘! Just drop your email in the link below, and I'll send it your way in a flash ⚡ https://lnkd.in/g9hwzUcR
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Latest update on Luxury groups market cap
We just created this infographic that illustrates the 12 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list.
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Luxury is turning into a market of winners and losers, with mega-brands triumphing, while smaller brands fight for scraps in an increasingly competitive industry. LVMH dominates, with their leading portfolio of marquis brands Christian Dior Couture , Louisvuitton Global , Tiffanys but perhaps more impressive are the companies with one 🌟 brand like Hermès , Brunello Cucinelli and Moncler that continue to grow exponentially🚀 without the benefits of multi-brand cost efficiencies, product segment diversity, and shared insights across businesses.
We just created this infographic that illustrates the 12 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list.
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We just created this infographic that illustrates the 12 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list.
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MySelf Italian-born, New Yorker, global connector, passionate foodie sharing culinary adventures worldwide.
This infographic that illustrates the 12 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list.
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We just created this infographic that illustrates the 13 largest luxury companies by market cap. Four fun facts: → LVMH's market cap is almost 60% larger than the bottom 10 companies *combined*. → Hermès is by far the largest single-brand company on the list, 3.5x the size of Ferrari for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, Kering's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #8 on this list.
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