NetworkNewsBreaks – ECGI Holdings Inc. (ECGI) Lo
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Posted On: 08/05/2024 4:47:19 PM
NetworkNewsBreaks – ECGI Holdings Inc. (ECGI) Looking at Luxury Equestrian Market to Build Market Share
ECGI Holdings (OTC: ECGI), a diversified holding company focusing on viticulture, luxury fashion and equestrian markets, is eyeing segments of the luxury goods market as an opportunity to generate significant annual revenues. According to a recent article, ECGI believes the luxury apparel and accessories segments, which excludes broader categories such as watches, jewelry and beauty, make up about 50% of the luxury market in the United States and maybe even worldwide. The article notes that the luxury apparel and accessories segments are valued at approximately $37 billion in the U.S.; that could translate to revenues of between $370 million and $1.85 billion for companies that are able to claim a market share of 1–5%. “The luxury equestrian market offers a path to the much greater overall luxury and overall equestrian markets, where significant revenues are available without having to become a major player as would be the case in a smaller market,” the article stated.
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://nnw.fm/ECGI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
ECGI Holdings (OTC: ECGI), a diversified holding company focusing on viticulture, luxury fashion and equestrian markets, is eyeing segments of the luxury goods market as an opportunity to generate significant annual revenues. According to a recent article, ECGI believes the luxury apparel and accessories segments, which excludes broader categories such as watches, jewelry and beauty, make up about 50% of the luxury market in the United States and maybe even worldwide. The article notes that the luxury apparel and accessories segments are valued at approximately $37 billion in the U.S.; that could translate to revenues of between $370 million and $1.85 billion for companies that are able to claim a market share of 1–5%. “The luxury equestrian market offers a path to the much greater overall luxury and overall equestrian markets, where significant revenues are available without having to become a major player as would be the case in a smaller market,” the article stated.
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://nnw.fm/ECGI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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