Fashion > Luxury

LVMH Is No. 1 on Deloitte's Top 100 Luxury Companies List

4 monthes ago   |   By

Following behind stellar sales growth in the first-quarter of this year, LVMH has once again claimed the number one spot on Deloitte's annual list of the world's largest luxury companies, entitled "Global Powers of Luxury Goods 2019." The report, which factors in data from the 2017 fiscal year, details that despite an overarching economic slowdown in key global regions - including China, the eurozone and the U.S. - the luxury sector has experienced growth as brands continue to "keep an eye on the new consumer classes of the future."
According to the figures, the top 100 luxury goods...
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LVMH tops Deloitte's list of Top 100 luxury companies; future looks positive for the sector

LVMH tops Deloitte's list of Top 100 luxury companies; future looks positive for the sector

4 monthes ago   |   By

LVMH came first on Deloitte's annual list of the world's largest luxury goods companies once more, followed by Estée Lauder and Richemont.
Kering and Luxottica switched places, with the French conglomerate moving up to the fourth position while the Italian eyewear giant fell to the fifth. The report, titled Global Powers of Luxury Goods , covers the fiscal year 2017.
Combined, the top 100 luxury goods companies generated revenues of 247 billion US dollars, up from 217 billion in FY2016. Annual growth also jumped to 10.8 percent, on a currency-adjusted composite basis, much higher than the...
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