Cognizant’s Vice President of Consulting Explains Why Asian Companies are Picking up Interest in Western Luxury Brands

OREANDA-NEWS. “Only a handful of Asian companies today feature prominently among top global providers of luxury goods. This is prompting Asian companies to pursue M&A activity with European and US luxury brands,” says Sandy Gopalan.

“Recent news reports have Asian conglomerates and private investors vying to own well-known Italian and French brands,” he adds.

“Luxury goods companies want and need to own the entire supply chain to ensure quality. And many supply chain elements are in Asia,” says Gopalan.