Luxury
A personal approach to positioning your company
Changing consumer behaviors, a shift towards sustainability, and demands for ethical commerce are transforming the luxury goods sector. Companies are not only focusing on new generations of consumers but are also witnessing growth in emerging markets. Forvis Mazars can help your company thrive in this constantly evolving world with customized solutions that range from audit and assurance to outsourcing, risk management, and sustainability.
Our approach
The luxury industry is undergoing a transformation as it turns to a younger generation of consumers and growing middle classes in emerging markets. Business models are changing, environmental awareness and sustainability are becoming a priority for consumers, and operators are focusing on operational efficiency as well as an enhanced retail experience.
All of this means that your distribution area is evolving with digital tools and technologies, revolutionizing the consumer experience. You are placing greater emphasis on growth opportunities in emerging markets and turning to younger customers while also seeking the best way to protect your brand.
At Forvis Mazars, we work with companies across the luxury ecosystem. Whether you are providing luxury goods or experiences, our team offers a wide range of audit, consulting, outsourcing, and tax services to help you tackle the challenges you face.
Protecting your brand value
We can estimate the value of your brand in the case of a financial transaction or to meet accounting requirements, as well as the loss to the brand image in case of fraudulent use of your brand or after the impact of Covid-19.
Aligning your organization with new opportunities
We can help you establish new businesses or enter emerging and growing markets. We ensure the success of your acquisitions and partnership projects or the disposal of non-strategic assets by providing financial consulting, legal, and tax support, taking into account local specificities and regulations.
Safeguarding your operations
To safeguard your operations, our teams can assess the quality of your service providers, reinforce control over your distribution network, defend financial interests in the context of disputes or litigation, and prevent fraud.
Outsourcing your processes
After a major project, such as the implementation of an ERP, a reorganization, or a change in strategy, we can support your financial team by providing temporary accountants, controllers, internal auditors, or even CFOs.
Boosting your performance to create value
It is vital to enhance the competitiveness and relevance of your business to consumers. We can support the development of your multichannel strategies and improve your digital performance through reliable technology and data management so you can forecast sales, optimize logistics, and gain consumer insights. Our teams can also help drive significant changes by incorporating environmental, social, and governance (ESG) principles into your long-term strategy, bringing traceability to your supply chains, and creating value for your business.
We follow a pragmatic and personal approach to ensure the perfect fit for your needs. You will have a single point of contact who will work closely with you at every stage, making use of the best that Forvis Mazars has to offer within our international network.
