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29 Jun

Hospitality Drove M&A Deals in Luxury Sector in 2022,

by Beauty Tips
Fashion, Featured
Hospitality Drove M&A Deals in Luxury Sector in 2022,
MILAN — Personal luxury goods are driving growth and profitability for the posh sector but in 2022 other luxury categories, which include furniture, automotive, yachting, cruises and hospitality, fueled mergers and acquisitions. In keeping with the eighth installment of the Global Fashion and Luxury Private Equity and Investors Survey 2023 issued by Deloitte and presented Wednesday here, although rising inflation, geopolitical instability, fear of recession in China and provide chain troubles are pressuring the posh sector, the market was healthy enough to be a powerful M&A goal in 2022, especially in light of its high profitability. Assessing about 300 firms globally, the survey highlights how 2021 margins for private luxury goods firms doubled those of other luxury sectors, with apparel and accessories’...
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3 Jan

What to Watch: Luxury Sector Prone to Experience U-shape

by Beauty Tips
Fashion, Featured
What to Watch: Luxury Sector Prone to Experience U-shape
Beijing officially ended its three-year-long strict COVID-19 rules on Dec. 26 and announced that the border will reopen by Jan 8. There will likely be no more testings and quarantines for incoming travelers and travel documents will likely be issued to the general public again. The federal government didn’t offer a transparent timeline for when Chinese tourists can travel again, nevertheless it said the authorities will “orderly resume outbound tourism for Chinese residents based on the international situation of the pandemic and the capability of all points of service.” Fifteen minutes after the news broke, searches for international flights increased by seven times on the Chinese leading booking platform Qunar. The trending destinations were Thailand, Japan and South Korea. Shares of...
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