Group 1: Luxury Goods Market Overview - The global luxury goods market is expected to reach €1.44 trillion by 2025, remaining stable compared to the previous year, with a trend of gradual improvement anticipated for the coming year [10][11] - The personal luxury goods market is projected to maintain stability, with a forecasted market size of €358 billion for 2025, although a decline of approximately 2% is expected this year [11] Group 2: Company Developments - SMCP Group has initiated a process to sell up to 51.2% of its equity, aiming to stabilize its shareholder structure and focus on strategic development [3] - Anta Sports is reportedly a potential buyer for German sports brand PUMA, which has seen its stock price drop nearly 50% over the past year due to various market pressures [6] - Golden Goose reported a 13% increase in revenue to €517 million for the first nine months of the fiscal year, with a 21% growth in direct-to-consumer (DTC) sales [6][7] - L'Oréal announced a €60 million investment to upgrade its perfume factory in France, aiming to double its annual production capacity to 200 million bottles [16] - Ermenegildo Zegna Group will implement a new leadership structure, with the fourth generation of the Zegna family taking over as co-CEOs [17] - Parfümerie Pieper, a major family-owned perfume retailer in Germany, has filed for bankruptcy management while continuing normal operations [19] - Estée Lauder is considering selling its Korean skincare brand Dr.Jart+, which is expected to generate approximately $150 million in revenue for 2025 [21] - Watsons is planning to list in Hong Kong and the UK, with an expected fundraising target of up to $2 billion [24]