I am sure this post will attract some attention from my colleagues seeking positions in the financial services industry. Considering that luxury brands are making bold expansionary moves into Asia, I think there is an opportunity for MBAs of all disciplines to enter this industry, which is forecasted to grow 8% this year. According to Mckinsey, China’s luxury market is expected to grow 18% a year from 2010 to reach 20% of global sales in 2015.
At $12B, the Tiffany acquisition is one reserved only for a few luxury players such as LVMH and Richemont. I would venture to say that with the way news spreads in the industry, both groups may have already done their due diligence on the potential deal.
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