UK-based Deloitte Touche Tohmatsu Limited recently published the Global Powers of Luxury Goods 2017 report, listing the world’s 100 largest luxury goods companies based on the consolidated sales of luxury goods from June 2015 to June 2016 (FY2015). The report also discusses the key trends shaping the luxury market.
Comprising ‘apparel and footwear’, ‘bags and accessories’, ‘cosmetics and fragrances’, ‘jewellery and watches’ and ‘multiple luxury goods’ sectors, the 100 companies generated a total sales of US$212 billion in FY2015, 4.5 percent down year-on-year.
Among the 100 companies 28 were jewellery and watch companies which accounted for 26.7 percent of the total luxury goods sales, a 2-percent growth over FY2014. Hong Kong’s Chow Tai Fook ranked ninth on the list; its ranking was seventh for FY2014.
There were 10 newcomers to the top 100, including Gerhard D Wempe KG from Germany and Richard Mille SA from Switzerland.
According to the report, the main luxury market growth comes from emerging markets – China, Russia and the United Arab Emirates where the percentage of consumers claimed to have increased their spending stood at 70 percent. In the States, EU and Japan, there was 53 percent growth in spending.
Top 10 luxury goods companies by sales:
Click here to see the full report.
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