Services
Forvis Mazars works as one integrated team, leveraging expertise, scale and cultural understanding to deliver exceptional and tailored services in audit and accounting, as well as tax, financial advisory, consulting and legal services*
Luxury
A personal approach to positioning your business
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 industry is going through a transformation as it pivots towards a younger generation of consumers and burgeoning middle classes in emerging markets. Business models are shifting, environmental awareness and sustainability are becoming a priority for consumers, and operators are focusing on operational efficiency as well as an improved retail experience.
All of this means that your distribution footprint is evolving with digital tools and technologies revolutionising the consumer 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 companies across the entire luxury ecosystem. Whether you are providing luxury goods or experiences, our team offers a wide range of audit, advisory, outsourcing and tax services to help you meet the challenges you face.
Aligning your organisation with new market opportunities
We can help you establish 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, and tax support, taking local specificities and regulations into account.
Securing your operations
To safeguard your operations, our experts can assess the quality of your service providers, reinforce control over your distribution network, 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.
We follow a pragmatic and personal approach that ensures everything we do is the right fit for your needs. You will have a single point of contact who will work closely with you every step of the way, drawing on the best of Forvis Mazars from across our international network.
Making over the luxury business model
The luxury sector has always prided itself on offering consumers a chance to own pieces that are timeless and whose value and appeal will endure. But that doesn’t mean the way it produces and sells them should stay constant too. The luxury sector is at a crossroads and brands that carry on doing what they have always done risk falling behind. Our report, 'Conscious, collaborative, connected' explains...
Luxury sector: refreshing products and prices
Luxury fashion brands have made the headlines in recent weeks as they pivot to manufacture face masks and hand sanitizer in the fight against Covid-19, but what is going on behind their closed doors – and how is the pandemic affecting the sector at large?
Ethics at the heart of value creation
Brands are expected to adopt new practices and integrate ethics into their business models.