Introduction

Jonas Hoffmann and Laurent Lecamp
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Jonas Hoffmann: SKEMA Business School
Laurent Lecamp: Carl F. Bucherer

A chapter in Independent Luxury, 2015, pp 1-5 from Palgrave Macmillan

Abstract: Abstract The world of luxury is harboring an endangered species: that of the independent companies!1 In an increasingly challenging and globalized luxury environment, companies are fighting to escape from the ever-growing clout of luxury “conglomerates” – Swatch Group, LVMH, Kering and Richemont. As of 2015, these “big four” own more than 100 brands and are maintaining a constant pace of acquisitions,2 relying on vertical integration to secure supplies (and deprive competitors of them), which has particularly damaging consequences for independents. Most independents are struggling to survive and end up being acquired or going out of business.

Keywords: Innovation Strategy; Business Model Innovation; Independent Company; Constant Pace; Code Breaker (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48146-7_1

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DOI: 10.1057/9781137481467_1

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