Editor’s Note
This article summarizes key findings from Deloitte’s “Fashion & Luxury Private Equity and Investors Survey 2024,” released on September 19. It highlights trends in merger and acquisition activity within the sector for 2023.
On September 19, global consulting firm Deloitte released its annual report titled “Fashion & Luxury Private Equity and Investors Survey 2024”.
The data shows that in 2023, merger and acquisition (M&A) activity in the fashion and luxury market increased. The number of deals rose from 292 to 358, an increase of 66 deals. Among these, the apparel and accessories sector saw the most significant growth in transactions, with an increase of 28 deals. In contrast, the watch and jewelry sector saw a decrease of 3 deals, the cosmetics sector decreased by 8 deals, and the interior design sector decreased by 23 deals.
Some noteworthy transactions highlighted in the report include: private equity firm Permira’s acquisition of the Italian high-end apparel manufacturing group Gruppo Florence, and Italian private equity fund Style Capital’s sale of a majority stake in the Australian designer womenswear brand Zimmerman to…
The report also surveyed investor sentiment, revealing that a significant majority remain committed to the industry.