Insight | Legal Update

Looking Ahead: Spotlight on Luxury, Fashion and Cosmetics

With Donald Trump now in office, we look at what policies this administration is likely to adopt and how this may impact luxury, fashion and cosmetics companies in the CG&R sector.
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The luxury, fashion and cosmetics sector rapidly expanded in recent years, driven by the rising worldwide demand of the image-conscious, growing middle classes in emerging markets, and the incredible advancement and evolution in online retail sales and marketing. These developments have ushered in new challenges for the sector with companies facing more stringent regulations as they expand into new markets and a heightened demand from consumers for greater transparency around sustainability, supply chain, as well as complex tax and corporate issues.