2 Executive summary Statistics and key facts Index evolution Contents 8 DCF and valuation parameters A. Financial parameters B. Operating aggregates C. Advertising expenses D. SOTP and segment analyses E. Trading multiples F. Transaction multiples 36 Industry overview G. Global luxury goods market H. Global cosmetics market I. Points of view from EY’s global sector specialists and outside experts 64 Methodology Approach and SOTP analyses Sample selection Focus on Jimmy Choo 67 Glossary Contact us 68