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1、June 2025Luxury Goods Market UpdateSome people think luxury is the opposite of poverty.It is not.It is the opposite of vulgarity.Coco Chanel201020304Overall Market ContextEvolving Consumer Demands in LuxuryM&A Market and Relevant Valuation ConsiderationsAppendixTable of ContentsOverall Market Contex
2、t33%31%15%15%6%Global Luxury Market Snapshot501 Overall Market Context0203042024435B+4.0%CAGR(1)Note:(1)20192024 CAGR.Sources:Statista Luxury Goods report,“The state of luxury”McKinsey report.Luxury FashionMarket Size5-yr CAGR133.5B+3.7%Up by+4%,the global luxury goods sector has grown faster than t
3、he economy(20192024)Expected to grow at approximately 4%,reaching more than 526 billion in 2029 Gen Z could account for nearly a third of luxury purchases by 2030of industry growth was driven by price increases rather than volume increasesLuxury industry economic profit nearly tripled between 2019 a
4、nd 20242.6x80%Almost 40%from U.S.and ChinaLuxury Leather GoodsMarket Size5-yr CAGR66.4B+5.9%Luxury Cosmetics&FragrancesMarket Size5-yr CAGR63.1B+2.6%Luxury EyewearMarket Size5-yr CAGR27.4B+2.1%Luxury Watches&JewelleryMarket Size5-yr CAGR144.6B+4.6%Long-Term Sector Performance Snapshot6 601 Overall M
5、arket Context020304Sector has a historical track record of strong resilience and growthGlobal Luxury Market Size(in B)10311694103123139145152159167175183100111971011191311341371411461501554350414757646669737679834955465061596365687073762325192125272728282930302019202020212022202320242025E 2026E 2027
6、E 2028E42031835729632338520184354514694885082029E526+5.4%CAGR+3.9%CAGR After a slowdown in 2020 and 2021 due to COVID-19,all segments recovered to pre-COVID-19 levels in 2022 Post-COVID-19,the luxury market continued to thrive,despite broader market uncertainty Strong growth from leather goods as we