By  on July 23, 2019

MILAN — There was “a boom” of M&A deals in 2018, with Europe leading in terms of sheer numbers, according to the Deloitte Global Fashion & Luxury Private Equity and Investors Survey 2019.

“This year the luxury industry continues to be a fertile ground for investors, with a significant increase of deals compared with 2018,” said Elio Milantoni, partner of Deloitte Financial Advisory & Corporate Finance. “In particular, the two sectors that have shown an important increase in M&A volumes are cosmetics and fragrances, and hotels, confirmed as the most interesting areas for investors in 2018.” Milantoni said investments next year are also focused on the cosmetics and fragrances sector, together with the apparel and accessories businesses, underscoring the importance of personal luxury for private equity funds.

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