- ECGI Holdings is targeting a share of the growing luxury goods market by designing, manufacturing, and selling luxury equestrian apparel and equipment through its subsidiary Pacific Saddlery
- The company sees the utilization of smaller focused markets as a proven entrance pathway to much larger general luxury markets
- Bain & Company valued the global luxury goods market at €362 billion ($395.4 billion) in 2023 and expects this market to grow to between €540 billion ($589.8 billion) and €580 billion ($633.5 billion) by 2030
- ECGI Holdings and Pacific Saddlery are using celebrated brands like Hermès, Gucci, and Ralph Lauren as a template for what’s possible in the luxury market
- Throughout their respective histories, celebrated luxury brands have continuously incorporated equestrian elements into their designs to capitalize on the timelessness, prestige, and positive connotation attached to horses
ECGI Holdings (OTC: ECGI), a diversified holding company focused on luxury fashion, equestrian, and viticulture markets, recognizes that a marginal share of a globally large market would translate to more revenue annually than even a big share of a small market, and sees smaller focused markets as a proven entrance pathway to much larger general luxury markets.
To put the figures and logic into perspective, Bain & Company published its annual Luxury Goods Worldwide Market Study, which noted that the personal luxury goods segment of the overall luxury market recorded €362 billion ($395.4 billion) in spending in 2023. This represented a 4% increase over…
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://ibn.fm/ECGI
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