There are many people who want to compete for this monopoly throne. The biggest competitor of LVMH Group is Paris Spring Group, also from France. As of May 2, 2003, their shares in Gucci Group have accounted for 62.2%, that is to say, YvesSaintLaurent, AlexanderMcQueen, StellaMcCartney, Balenciaga, SergioRossi, etc. under another monopoly group Gucci are actually owned by PPR. In addition, earlier, FrancoisPinault, president of PPR Group, bought the famous luxury goods group SafoniBeaute in his own name. At that time, Safoni Group included YvessaintLaurent, Oscar Delarenta, Van Cleef &; Amp and Fendi, etc. PPR Group, which has made huge profits in other industries, officially entered the luxury goods industry only 1999, but the momentum is fierce, just like their slogan: "Become a leader in global distribution and luxury goods industry!"