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Methodology Ha_e 0) Sample selection Sample selection The sample analyzed is composed of 30 listed companies from the luxury and cosmetics Please note that the sample has been adjusted in this sixth edition. Actually, one industry, of which 23 are mostly in the luxury business and 7 are in the cosmetics segment. company was added: YOOX Net–A–Porter Group S.p.A., as the two companies YOOX To select these companies we proceeded as follows: Group and Net–A–Porter have recently merged, creating the leading online luxury fashion • We firstlq identified Épmre plaqersÊ of the lmxmrq sector2 :rmnello ;mcinelli K.p.9. retailer. YNAP was listed on the Milan Stock Exchange in October 2015. (Cucinelli), Burberry Group (Burberry), Coach Inc. (Coach), Chow Tai Fook Jewellery Group Ltd (Chow Tai Fook), Hengdeli Holdings Limited (Hengdeli), Hermès International S.C.A. (Hermès), Hugo Boss AG (Hugo Boss), Jimmy Choo PLC (Jimmy Choo), Kering K9 Cering!, DNE@ Eoet @ennessq Domis Nitton K.9. DNE@!, Eichael Cors @oldings Dtd (Michael Kors), Moncler S.p.A. (Moncler), Prada S.p.A. (Prada), Polo Ralph Lauren Corp. (Ralph Lauren), Compagnie Financière Richemont S.A. (Richemont), Salvatore Ferragamo S.p.A. (Salvatore Ferragamo), Swatch Group AG (Swatch), Tiffany & Co. (Tiffany), Tod’s S.p.A. (Tod’s), and Tumi Holdings Inc. (Tumi). • We completed this first list oith other plaqers in cosmetics2 :eiersdorf 9? :eiersdorf!, Coty Inc. (Coty), Estée Lauder Companies Inc. (Estée Lauder), L’Occitane International S.A. (L’Occitane), L’Oréal S.A. (L’Oréal), and Shiseido Co. Ltd (Shiseido). • We also added companies that are in direct relation with luxury companies, such as Dmxottica ?romp K.p.9. Dmxottica! and Kafilo ?romp K.p.9. Kafilo!. thodology • Finally, we decided to include a company that is not part of the luxury environment, but Me acts as the largest cosmetics company from the emerging markets, Natura Cosméticos S.A. (Natura), to enlarge the geographical coverage. The luxury and cosmetics financial factbook 2016

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