From Prada Group's success to Arnault family sucessions ? luxury conglomerates leveange on the expertise and strategies to bring in profits.
The post The Power and Relevance of Luxury Fashion Conglomerates appeared first on LUXUO.

Prada Autumn/Winter 2024

The Prada Group made headlines last week as the company’s sales rose by 16 percent in the first quarter, driven by a jump in Miu Miu sales and continued growth in Asia. This led to Miu Miu and Prada being ranked first and second as fashion?s most popular brands according to the Lyst Index.

Miu Miu Spring/Summer 2024 Collection

Next, Tapestry’s acquisition of Capri Holdings showcased the conglomerate’s strategy to create a stronghold in the fashion industry could be in jeopardy as The U.S. Federal Trade Commission on Monday sued to block the deal. At LVMH, 75-year-old chairman and CEO Bernard Arnault is making plans to pave the way for his next generation of entrepreneurs to take over the reigns. LUXUO dissects the strategies in place by today’s biggest luxury conglomerates.
Tapestry’s acquisition of Capri Holdings showcased an evident strategy to create a stronghold in the fashion industry, which was put on hold by The U.S. Federal Trade Commission which sued to block the deal. To support the opposing action, the FTC cited the immense competition in the handbag market, predicting that the merger would raise prices in the affordable sector, making them less attainable for more consu...