Money Talks from The Economist
Money Talks: Europe’s luxury crown
Jan 18, 2024
European firms dominate the luxury landscape, accounting for two-thirds of sales. Topics discussed include the challenges and consolidation in the industry, Europe's dominance in luxury goods, and the growth and acquisitions of a luxury platform. The podcast also explores the logic behind acquiring companies in the supply chain and compares returns on investments in luxury goods.
39:09
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Quick takeaways
- Europe's long history and tradition in the luxury industry, along with government support, have contributed to its enduring success.
- Luxury brands' vertical and horizontal integration is key to maintaining high quality and competitiveness in the market.
Deep dives
Europe's Dominance in the Luxury Industry
The European luxury industry has a long history and tradition dating back several centuries, which has contributed to its enduring success. European brands have been able to maintain a high level of craftsmanship and expertise through generations, passing down their knowledge and skills. The support of governments, such as France, has also played a role in promoting and exporting luxury goods. Europe's rich cultural heritage and the fascination with European culture globally have further solidified its dominance in the luxury space.
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