Revenue increase for luxury’s leading lights - Deloitte
16/04/2019
This is the key takeaway from ‘Global Powers of Luxury Goods 2019’, the latest edition of Deloitte’s annual report charting the fortunes of the major players in the global luxury goods industry.
The figure for total revenue of the top 100 represents growth of 10.8% (approximately $30 billion) compared to the previous year. Average sales for a company in the top 100 were $2.47 billion, compared to $2.2 billion last year.
LVMH again led the way as the largest luxury group, with Richemont and Kering also making the top five. The top ten companies accounted for nearly half (48.2%) of the total luxury goods sales of the 100 on the list.
Of the top 100 companies, Deloitte said 76% reported growth in their luxury sales, with nearly half of these recording double-digit growth. Just 18 of the companies saw their sales fall year-on-year.
Deloitte has said the luxury goods market “looks positive” despite slowing economic growth in China, the Eurozone and the US. It added that the companies on the list are making “significant investments” to stimulate the interest of younger consumers, which it described as “the customers of the future”.
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