SGAM_Vortrag_Lasnier de Lavette - FONDS professionell
SGAM_Vortrag_Lasnier de Lavette - FONDS professionell
SGAM_Vortrag_Lasnier de Lavette - FONDS professionell
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Why is luxury a core investment?1 - An average annual growth of 7%[ Luxury & Lifestyle Strategy ]Annual growth rate of sales in the luxury universe20%17%15%14%11%10%5%10%5%0%6%3%0%-5%5%9% 9%8%8%-5%1995199619971998199920002001200220032004200520062007*2008*GrowthAverageData: Bain & Comp.. Lehman Brothers forecast* LB forecastOnly one negative year in 2003Given current macroeconomic conditions we expect a 7% to 9% average annual growth in the 3 years tocomeJanuary 08Société Générale Asset Management6
Change language