Five Top Ways to Profit from a Potential $296.9 Billion Global Luxury Market

June 09, 2022 -

Investors may want to keep an eye on the luxury goods market. A new study by Global Industry Analysts says the global luxury goods market could be worth $296.9 billion by 2026. “The global luxury goods industry is in a transformative stage, due to factors such as digital advancements, new technologies, increasing wealth of individuals, fluctuating currencies, changing marketing strategies of players and growing media influence. The popularity of e-commerce platforms for purchase of luxury goods is also expected to spur growth,” they noted. In addition, the U.S. luxury market is expected to be worth $53.1 billion this year. All could be beneficial for companies such as Gaucho Group Holdings Inc. (NASDAQ: VINO), LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY), Kering SA (OTC: PPRUY), Nordstrom Inc. (NYSE: JWN), and Pandora (OTC: PANDY).

Look at Gaucho Group Holdings Inc. (NASDAQ: VINO), For Example

Gaucho Group Holdings, Inc. (NASDAQ: VINO), a company that includes a growing collection of experiential luxury assets such as fine wines, real estate, hospitality, and fashion, welcomes new Creative Director Lautaro Garcia de la Peña to helm the company’s line of leather goods, fashion and home décor for its Gaucho - Buenos Aires brand. De la Peña will lead Gaucho’s creative team of exciting, young Argentinian design talent, that includes Carmen Vils and Guido Spangenberg.

“I believe that good design is the art of mixing little things to create a nuanced whole,” says the 30-year- old, Buenos Aires-born multi-hyphenate, who received a degree in architecture, and also studied visual art at Bellas Artes Art School. He counts music producer, model, and jewelry designer among his many talents. De la Peña divides his time between Barcelona, Miami, and New York.

“We are very excited to promote Lautaro from Director of Design to the title of Creative Director for the Gaucho team. His creative spirit and vision are authentic elements of the ‘Gaucho DNA,’ and we look forward to his vision exemplified in our store in Miami for the Fall/Winter 2022 season.” said Scott Mathis, Gaucho Group Holdings, Inc.'s Founder & Chairman. “Lautaro has a strong, directional perspective on how we can position our brand for growth, and he is supported by a great team who each bring a distinct point of view and an enormous amount of vision and talent. As we approach the flagship opening of the Gaucho – Buenos Aires store in the Miami Design District this summer, we are excited to take this step toward our next stage of growth.”

Other related developments from around the markets include:

LVMH Moet Hennessy Louis Vuitton has entrusted an investment services provider with a mandate for the acquisition of its own shares, for a maximum amount of one billion euros and at most ten million shares, over a period beginning on May 17th, 2022, and ending on or before November 15th, 2022. The price of the shares repurchased under this mandate may not exceed the limit of 1000 euros per share as set by the LVMH General Meeting of April 21st, 2022.

Kering SA announced that it has completed the sale of its entire stake (100%) in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management, in accordance with the terms announced on January 24, 2022.

Nordstrom Inc. reported first quarter net earnings of $20 million and earnings per diluted share of $0.13 for the quarter ended April 30, 2022. Excluding a gain on the sale of the Company's interest in a corporate office building and an impairment charge related to a Trunk Club property, the Company posted an adjusted loss per share of $0.06. Additionally, first quarter EPS was negatively impacted by $0.05 as a result of discrete tax expenses, primarily related to stock-based compensation, which increased the quarterly effective tax rate by 19.3 percent of pretax earnings. The Company continues to expect a full-year income tax rate of approximately 27 percent.

Pandora, the world’s largest jewellery brand, signed a memorandum of understanding to build a new jewellery crafting facility in Vietnam Singapore Industrial Park 3 (VSIP) in Binh Duong Province, about 40km north of Ho Chi Minh City. The new facility will be built according to the LEED Gold standard, a leading green building certification, and be powered by 100% renewable energy. It will create jobs for more than 6,000 craftspeople and have an annual capacity of 60 million pieces of jewellery. Construction is set to begin in early 2023 and production is due to start by the end of 2024.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Gaucho Group Holdings Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Gaucho Group Holdings Inc. Please click here for disclaimer.

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