Expensive Luxury Gadget

Market trends
The three dominant trends in the global luxury goods market are globalization, consolidation, and diversification. Globalization is a result the increased availability these goods, additional luxury brands, and an increase in tourism. Consolidation involves the growth big companies and ownership brands across many segments luxury products. Examples include LVMH, Richemont, and PPR, which dominate the market in areas ranging from luxury drinks to fashion and cosmetics. Leading global consumer companies, such as Procter & Gamble, are also attracted to the industry, due to the difficulty making a prit in the mass consumer goods market.