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  "documentTitle": "Global Powers of Luxury Goods 2017 The new luxury consumer",
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      "text": "The US companies are larger than the average among the Top 100, with average luxury goods sales of US$3,351 million, and the second-largest share of total luxury goods sales (20.1 per cent) among the Top 100.",
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      "text": "Merger and acquisition activity had a significant impact on US luxury companies in FY2016 and 2017. Two US companies dropped out of the Top 100: Tumi was bought by Samsonite for US$1.8 billion in August 2016, and Elizabeth Arden was acquired by Revlon.",
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      "text": "The US had 13 companies in the Top 100 in FY2016, including three in the Top 10: Estée Lauder, Ralph Lauren and PVH Corp. The US companies are larger than the average among the Top 100, with average luxury goods sales of US$3,351 million.",
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      "text": "Growth was driven primarily by higher sales in North America, Europe and Japan, with strong e-commerce growth in kate spade new york. Inter Parfums also achieved double-digit sales growth of 11.2 per cent, led by their largest brand, Montblanc.",
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      "text": "The growth companies were led, unsurprisingly, by Coty Luxury, the fastest-growing company in the Top 100 due to its Procter & Gamble prestige beauty acquisition. Reported sales were up 40 per cent, and of this around 33 per centage points was acquisition-related growth.",
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      "text": "The three largest companies in the US group, Estée Lauder, Ralph Lauren and PVH Corp., account for 58 per cent of total FY2016 sales among the US group. Estée Lauder invested in three prestige beauty brands targeted at the millennial consumer.",
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      "text": "US composite luxury goods sales grew by 1.7 per cent in FY2016, 2 percentage points better than the currency-affected decline of the previous year. These US companies are equally divided into six growing and six declining companies.",
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      "text": "Ralph Lauren lost sales in FY2016 for the second year in succession. Their fall in sales of 10.2 per cent, and declining profitability (minus 1.5 per cent net profit margin) made it the poorest-performing US company.",
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      "text": "Struggling US department stores have been trying to entice shoppers by selling luxury brands at deep discounts. To avoid damage to their brands' exclusive reputations, many luxury companies have been reducing wholesale sales.",
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