- ECGI Holdings is a diversified holding company focusing on viticulture, luxury fashion, and equestrian markets
- The company believes the luxury apparel and accessories segments, which excludes broader categories like watches, jewelry, and beauty, constitute about 50% of the luxury market in the U.S. and possibly globally
- The luxury apparel and accessories segments are valued at approximately $37 billion in the U.S., which would translate to revenues of between $370 million and $1.85 billion for companies that achieve a market share of 1-5%
- The luxury equestrian market offers a path to the much greater overall luxury and overall equestrian markets, where significant revenues are available without having to become a major player as would be the case in a smaller market
The fashion world is filled brands, but only a few tick all the boxes that confer luxury status. Indeed, luxury is a special segment of the fashion market comprising products that, though expensive, need not be overpriced. As an article in Forbes explains (https://ibn.fm/4bn3Y), “Expensive merely reflects the quality of the unique designs, fine materials, and excellent workmanship. Similarly, luxury is not faddish but long lasting.” Additionally, the article explains, luxury brands have a limited distribution and attach a high level of service to the sale, with salespeople striving to know and understand their customers’ tastes and sizes.
The mention of luxury brings to mind the best known brands and labels, from Tiffany, Ralph Lauren (NYSE: RL), Louis Vuitton (OTC: LVMHF), and Hermès (OTC: HESAF), to Gucci, Channel, Dior, Balenciaga, and Armani. Some luxury brands share a love for equestrian themes, with their in-house…
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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