Luxury

Changing consumer behaviours, a drive towards sustainability and demands for ethical commerce are transforming the luxury goods sector. Not only are companies focusing on new generations of consumers, but they are also seeing growth in emerging markets. Forvis Mazars can help your business thrive in this changing world with tailored solutions ranging from audit and assurance to outsourcing, risk management and sustainability. 

Our approach 

The luxury sector is changing as it evolves towards a younger generation of consumers and nascent middle classes in emerging markets. Business models are changing, environmental awareness and sustainability are becoming a priority for consumers, and market players are focusing on operational efficiency as well as a better retail experience.

These changes mean that your distribution footprint is evolving with digital tools and technologies revolutionising the customer experience. You are placing a greater emphasis on growth opportunities in emerging markets and turning to younger consumers while also looking at how to best protect your brand.

At Forvis Mazars, we work with business across the entire luxury ecosystem. Whether you are providing luxury goods or experiences, our experts offer a wide range of audit, advisory, outsourcing and tax services to help you meet the challenges you face. 

Protecting the value of your brand

We can estimate the value of your brand in the context of a financial transaction or to meet accounting requirements, and also the brand image loss in case of fraudulent use of your brand or following impact from Covid-19.

Aligning your organisation with new market opportunities

We can help you create new businesses or move into emerging and growth markets. We ensure the success of your acquisitions and partnership projects or the disposal of non-strategic assets by providing financial advisory, legal and tax support, taking local specificities and regulations into account.

Securing your operations

To protect your operations, our specialists can assess the quality of your service providers, reinforce control over your distribution network, defend financial interests in the context of disputes or litigations and prevent fraud.

Outsourcing your processes

Following a major project, such as the implementation of an ERP, reorganisation or a change in strategy, we can support your finance team by providing accountants, controllers, internal auditors or even CFOs on an interim basis.

Boosting your performance to create value

It is essential to enhance your business’ competitiveness and relevance for consumers. We can help you develop your multichannel strategies and improve your digital performance through reliable technology and data management so you can anticipate sales, optimise logistics and gain consumer insights. Our specialists can also help you drive meaningful change by incorporating environmental, social and governance (ESG) principles into your long-term strategy, bringing traceability on supply chains and creating value for your business.