Market Share of Europe Handbags Industry
The market is highly competitive with several fast fashion brands and global luxury brands, such as Guess Inc, Tapestry, Inc., Chanel Limited, PVH Corp., and Fossil Group, Inc., among others. The key players in the market are offering new products to gain a competitive advantage in the market. For instance, in 2022, Stella McCartney launched a luxury mushroom leather bag. This is the first time that a product crafted from mycelium, a vegan leather substitute made from the root-like structure in mushrooms. The black, crescent moon-shaped clutch bag is draped in a silver and gold statement chain, which comprises the handle.
The key players are embarking on mergers and acquisitions and are focusing on the expansion of distribution capabilities as one of their key strategies to achieve consolidation and optimize their offerings. Moreover, industry participants emphasize merging or acquiring leather tanneries to inflate production procedures and achieve dominance in the handbag market.
Europe Handbags Market Leaders
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PVH Corp.
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Tapestry, Inc.
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Fossil Group, Inc
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Burberry Group Plc
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Guess Inc.
*Disclaimer: Major Players sorted in no particular order
