Market Share of Mexico Luxury Goods Industry
The luxury goods market in Mexico is highly competitive, with both domestic and foreign brands competing for the market share. Key companies are emphasizing new product development, merger, expansion, acquisition, and partnerships to increase their brand awareness among customers. For example, In April 2022, The luxury department store chain El Palacio de Hierro in Mexico announced its intentions to build a new store in the Coyoacán neighborhood of southern Mexico City's Mitikha mixed-use community. Giorgio Armani S.p.A., Kering Group, Louis Vuitton North America, Inc., Rolex SA, Hermès, The Estée Lauder Companies, Patek Philippe SA, The Swatch Group, and Richemont are a few of the major companies in the Malaysia luxury goods market.
Mexico Luxury Goods Market Leaders
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Rolex SA
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Hermes
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Kering Group
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Giorgio Armani S.p.A
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LVMH Moet Hennessey Louis Vuitton
*Disclaimer: Major Players sorted in no particular order
