1. European Exports
Currently made up of 27 member states, the European Union is one of the world’s largest trading markets. The European Union's member states are the birthplace of many of the world's largest leading multinational companies, and home to its global headquarters. Of the top 500 largest corporations measured by revenue, 161 have their headquarters in the EU. The European Union and China are two of the biggest traders in the world. China is now the EU's 2nd trading partner behind the United States and the EU is China's biggest trading partner. Most of this trade is in industrial and manufactured goods. China and the EU are trading more than €1 billion every day, when just two decades ago, they traded almost nothing.
LVMH Moët Hennessy-Louis Vuitton, better known as LVMH, is a French holding company and one of the world's largest luxury goods group, headquartered in Paris. It is the parent of around 60 sub-companies that each manage a small number of prestigious brands.The group currently employs more than 83,000 people, 30% of LVMH's staff work in France. As a world leader in luxury products, with a unique portfolio of brands in 195 countries, LVMH is an ambassador of French and European know-how throughout the world.Thanks to its brand development strategy, and the expansion of its international retail network (more than 3,000 stores worldwide), LVMH has had a strong growth dynamic since its creation in 1987.
Luxury brands can do a mediocre job in every other market and still grow revenues and profits if the firm executes in one market: China. And with China's appetite for Western goods, luxury brands stand to be big beneficiaries. Year after year of double-digit growth, in the next five years China’s luxury consumption will become the largest consumer market for luxury goods.