Market Share of Russia Luxury Goods Industry
Russia's Luxury Goods Market is highly volatile in nature, this is due to the presence of several domestic and international players in this sector. Thereby, the key players exhibiting their business in this segment are focusing on product development and product innovation to meet the consumer's preference to maintain the premiumization at their respective levels. Moreover, some of the top players who are leading with the market growth are Russkie Samotsvety Corporation, Rolex SA, NIKA jewelry watches, and Patek Philippe SA. Eventually, some of the other players are using mergers and acquisitions as their key strategy. The strategy to follow mergers and acquisitions by these top players is to sustain and secure a leading position in the industry, this will enable the companies to maintain dominance over other players, and also the companies can remain a strong competition for other players in the market.
Russia Luxury Goods Market Leaders
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Russkie Samotsvety Corporation
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Rolex SA
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NIKA jewelry watches
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Tiffany & Co.
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Patek Philippe SA
*Disclaimer: Major Players sorted in no particular order
