100 luxury companies generated $217bn - Deloitte
24/05/2018
Global Powers of Luxury Goods 2018 covers FY2016, which Deloitte defines as financial periods ending within the 12 months to June 2017.
According to the report, the world’s 100 largest luxury goods companies generated sales of $217 billion during this period, a slight improvement compared to the previous year. Average sales for a company in the top 100 were $2.2 billion.
LVMH again led the way as the largest group, with Richemont and Kering also making the top 10.
The report said the global luxury market has “bounced back from economic uncertainty and geopolitical crises”.
Of the top 100 companies, 57 increased their luxury goods sales year on year, with 22 achieving double-digit growth. In contrast, ten companies suffered double-digit sales declines.
“FY2016 seems to mark the bottom of the downturn in luxury goods sales growth for most companies,” the report added.
The full report is available here.
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