The luxury women's clothing market - France

The luxury women's apparel market includes outdoor coats and jackets, blazers, suits, dresses and skirts, pants, sweatshirts and blouses. Excluded from this market are leather goods, accessories such as watches and jewelry, as well as cosmetics and perfumes. This market is made up of Haute-Couture brands and Couture houses (luxury brands that do not have the Haute-Couture appellation). The luxury women's apparel sector has shown considerable dynamism in recent years. Strong growth has been observed both in the French market and, above all, in export markets, where French brands are performing extremely well. By 2021, the market has been estimated at 45.14 billion euros. Growth in these segments is being driven by the emergence of high net worth individuals around the world, and by strong tourist flows to France and Paris. The customers of luxury clothing brands are individuals, part of a very select clientele, largely female. More and more customers come from Asia, the Gulf States and Russia. Groups such as LVMH, Richemont and Kering dominate the market in areas ranging from luxury clothing and beverages to cosmetics and watches. The main growth market for luxury clothing remains China , with its upper-middle class and high purchasing power.