Luxury goods are mainly targeted to the high-income group across the globe. Oxfam International’s data, posted in January 2020 that approximately 2,153 billionaires residing worldwide possess more wealth than around 4.6 billion people who make up 60% of the global population. Hence, the increasingly wealthy population would bolster the luxury goods market growth in the near future.
Popular luxury Stocks include Compagnie Financiere Richemont (NASDAQ:CFRHF) The Estee Lauder Companies Inc (NYSE:EL), Swatch Group (NASDAQ:SWJAY)
SFLMaven Corp (OTC PINK:SFLM) on Nov. 04, 2021 announced a further improvement in core metrics during the month of October. They recently posted recorded breakout sales during the final week of October and it seems like it’s only looking up for the company from now on. The company’s web page had a whopping 33.5 million October web impressions, sales volume went up to 29% year over year. Impressive revenue growth and acceleration in the company’s popularity would result in making the company the Amazon of luxury retail in near future.
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