Market Share of Spain Luxury Goods Industry
The Spain luxury goods market is a fragmented market, with many international companies and conglomerates like LVMH Moët Hennessy Louis Vuitton, Kering Group, Prada Holding S.P.A., Hermès International S.A., and Chanel SA among others competing with several other regional brands for significant market share. Key companies are emphasizing on mergers, expansion, acquisitions, and partnerships along with new product development in order to boost their market presence and reach the target customers. For instance, In June 2020, Spanish perfume and fashion company Puig invested its majority stake in British makeup brand Charlotte Tilbury Beauty Ltd.
Spain Luxury Brands Market Leaders
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Kering Group
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Prada Holding S.P.A.
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Hermès International S.A.
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Chanel SA
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LVMH Moët Hennessy Louis Vuitton
*Disclaimer: Major Players sorted in no particular order
