40 Luxury Gifts for Men Who Have Everything

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In this article, we’ll take a look at the 40 Luxury Gifts for Men Who Have Everything, with insights into the recent developments in the luxury goods market. For a quick overview of the top 10 luxury gifts, read 10 Luxury Gifts for Men Who Have Everything

The luxury goods market is a multi-billion-dollar industry that is expected to continue to grow in the coming years. According to a report by Expert Market Research, the global luxury goods market is poised for impressive growth, projected to grow from $346.19 billion in 2023 to an estimated $510.06 billion by 2032. This represents a robust compound annual growth rate (CAGR) of 4.4% throughout the forecast period.

With this increasing demand and growth of the luxury goods market, top luxury brands like Tapestry Inc (NYSE:TPR), Capri Holdings Ltd (NYSE:CPRI), LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY), and others are actively taking steps to stay ahead of the competition and capture a wider market share.

In August 2023, Tapestry Inc (NYSE:TPR), the powerhouse behind brands like Kate Spade and Coach, announced the acquisition of Capri Holdings Ltd (NYSE:CPRI), the parent company of iconic brands like Michael Kors and Jimmy Choo, for a whopping $8.5 billion. The deal by Tapestry Inc (NYSE:TPR) and Capri Holdings Ltd (NYSE:CPRI) aims to unite popular luxury brands like Jimmy Choo and Versace under one roof.

By doing this, both companies want to make a major global presence in the competitive luxury market, particularly in Europe, taking on giants like LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY).  According to Capri Holdings Ltd (NYSE:CPRI), together, they’ve made over $12 billion in sales across 75 countries and earned nearly $2 billion in profit last year.

In the news press release, Scott Roe, Tapestry Inc (NYSE:TPR)’s Chief Financial Officer and Chief Operating Officer, said:

"The acquisition of Capri Holdings Ltd (NYSE:CPRI) accelerates our strategic agenda and represents a significant value creation opportunity. Importantly, this combination is immediately accretive on an adjusted basis and enhances Tapestry’s total shareholder return. This includes more than $200 million in expected run-rate cost synergies within three years of the deal closing. Further, our diversified, strong, and consistent cash flows will allow us to continue to invest in our business and rapidly pay down debt – aligned with our commitment to maintaining an investment grade rating – while returning capital to shareholders, including today’s announced 17% increase in our dividend per share."