Luxottica, which specializes in the manufacturing of high-end eyewear, is one of the companies mentioned in the survey. This is a point, for sure. Yet, only one luxury brand stands out in the next ten-year top 10 rankings.
A team of experts, financial analysts and insiders, quoted by L’Economia, an insert supplied by Il Corriere della Sera, gave their assessment resolutely. Looking at digital businesses (such as Amazon or Electronic Arts, a gaming company) and various partnerships, committed to traditional activities (among others, Johnson & Johnson), on which one could invest some money at the Stock Exchange Market, only LVMH, representing the lifestyle business, actually stands out.
Experts are sure about it: the French big corporation is widely likely to enjoy valuable opportunities for success. In fact, its fortune relies on sound brands, while Tiffany buyout further evidences its power.
One of the top 10 brands
The trust experts have in the French group does not derive from irrational beliefs: grounds for it are sturdy, as a matter of fact. “Their sound business model alongside the strength of their product portfolio – they remarked – have enabled LVMH to show their resilience while going through tough times in the luxury industry”.
On top of that, “an amazing margin of profits and the relentless growth of China’s middle class – wrapped up L’Economia – are going to supply energy and momentum to boost the business in the next ten years, despite some volatility on the way”.