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Dealmakers Still Looking in Fashion, Deloitte Study Finds

Dealmakers Still Looking in Fashion, Deloitte Study Finds

Dealmakers Still Looking in Fashion, Deloitte Study Finds
July 08
13:28 2018
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The world might be marching in an uncertain future, but dealmakers are still feeling good about fashion and luxury.
A Deloitte study of mergers and acquisitions trends found that private equity players and investors believe the fashion and luxury space will grow between 5 and 10 percent annually over the next three years.
The areas of digital luxury and cosmetics and fragrances are projected to outperform, while apparel and accessories and watches and jewelry keep up with the average growth level.
This expansion is expected to come amid a landscape that’s becoming ever-more treacherous. (Witness the U.S.-China trade war that President Trump kicked off with tariffs on $34 billion worth of Chinese imports Friday.)
“There is a substantial amount of uncertainty mainly driven by a globalization slowdown, a rise of populism in developed nations and prominent geopolitical instabilities affecting the global scenario,” the Deloitte study said, describing the unstable environment as a “major challenge” for fashion.
But dealmakers plan to charge ahead.
Deloitte found that 89 percent of the private equity executives and investors surveyed planned to acquire at least one fashion or luxury company this year. Seventy-three percent said apparel and accessories was still the most attractive sector for a deal, while 60 percent singled

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