Market Share of France Luxury Goods Industry
The France luxury goods market is highly competitive with the presence of various domestic and international players competing for a major share in the market. To strengthen their market position, key market players are focusing on various strategies such as partnering with regional brands and launching innovative luxury products. For instance, In October 2021, the Lanvin brand declared the launch of a capsule collection in the menswear product category in France which includes, trendy clothing apparel such as baggy pants and flannel shirts, and denim jacket. Major players dominating the market include Chanel, LVMH, L'Oreal Luxe, Compagnie Financière Richemont S.A., and Kering, among others. Luxury brands compete on different factors, which include, packaging, eye-catching offers, premium quality, comfort, and a wide variety of product offerings to gain a competitive edge in the market.
France Luxury Goods Market Leaders
Compagnie Financière Richemont S.A.
Kering
Chanel
LVMH Moët Hennessy Louis Vuitton
Hermès
*Disclaimer: Major Players sorted in no particular order
