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The Birth of Luxury Big Business: LVMH, Richemont and Kering

  • Pierre-Yves Donzé
Chapter

Abstract

Today, large enterprises exercise domination of the luxury industry. According to a survey published by the consulting company Deloitte in 2015, 27 companies in this business had luxury goods sales of over two billion USD in 2013, the largest being LVMH with 21.8 billion USD (Deloitte, Global power of luxury goods 2015. Deloitte Touche Tohmatsu Ltd, 2015). In addition, although many brands owned and managed by these firms have a long history, some of them going back to the early nineteenth century, the dominance of big business in the luxury industry is a relatively recent phenomenon.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Pierre-Yves Donzé
    • 1
  1. 1.Graduate School of EconomicsOsaka UniversityToyonaka, OsakaJapan

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