Market Share of GCC Luxury Goods Industry
The GCC luxury goods market boasts competition, featuring both global and domestic players. Leading the market are industry giants like Compagnie Financière Richemont SA, Kering Group, Chanel Limited, LVMH Moët Hennessy Louis Vuitton SE, and Rolex SA. These key players are pursuing strategies centered on expansions and product innovations. To gain a competitive edge and broaden their market presence, companies are vying on diverse fronts, ranging from product offerings and quality to sustainable packaging, marketing, and brand omnichannel activities. Notably, the rise of e-commerce has significantly bolstered the overall growth.
GCC Luxury Goods Market Leaders
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Kering Group
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LVMH Moët Hennessy Louis Vuitton
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Compagnie Financière Richemont SA
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Rolex SA
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Chanel SA
*Disclaimer: Major Players sorted in no particular order
