The most powerful luxury brands on Earth: top 10

Argomenti trattati10. PVH Corp, US$7.3 billion9. Chow Tai Fook Jewellery Group Limited, US$7.5 billion8. Swatch Group, US$7.8 billion7. L’Oréal Luxe, US$9.5 billion6. Chanel Limited, US$9.6 billion5. Luxottica Group, US$10.3 billion4. Kering, US$12.1 billion3. Richemont, US$12.8 billion2. Estée Lauder Companies, US$13.6 billion1. LVMH, US$27.9 billion The luxury products companies has an incredible impact on the economy of the entire globe. According to a recent study by Deloitte, their luxury has a total contribution of US$247billion. Patrizia Arienti, the leader of Deloitte Global EMEA Fashion and Luxury, speaking of the topic in more depth, says: “Despite the recent slowdown of economic growth in major markets including China, the Eurozone and the US, the luxury goods market looks positive” and she continues: “76% of the companies reported growth in their luxury sales”. So, let’s see together the FY2017 top 10 luxury goods companies by sales, according to Deloitte. 10. PVH Corp, US$7.3 billion PVH Corp is the company that finishes our top 10. Based in New York, it is a clothing company responsible for Tommy Hilfiger, Van Heusen and Calvin Klein. 9. Chow Tai Fook Jewellery Group Limited, US$7.5 billion Based in Hong Kong, Tai Fook group is a privately owned conglomerate specilized in jewellery, hotels, casinos, ports and department store brands 8. Swatch Group, US$7.8 billion Swiss company active in the field of watchmaking, the Swatch Group owns some luxury brands such as Omega, Tissot and Swatch. 7. L’Oréal Luxe, US$9.5 billion First company in terms of turnover worldwide operating in the beauty and cosmetics sector and specializing in cosmetics and beauty products, the l’Oreal Luxe is known for brands such as Lancome. 6. Chanel Limited, US$9.6 billion The UK branch of Chanel S.A was the only new entry to the top 10 list. It is a French fashion house that focuses on women’s high fashion and ready-to-wear clothes, luxury goods and accessories. 5. Luxottica Group, US$10.3 billion Luxottica Group is an Italian company that produces and markets eyewear. Based in Milan, it is the world’s largest manufacturer of optical and sunglasses frames. The group offers several earth brands on the market, such as Prada, Chanel, Ferrari and many others. 4. Kering, US$12.1 billion Based in Paris, Kering is an international group operating in the luxury sector. It owns earth brands such as Gucci, Balenciaga and Pomellato. 3. Richemont, US$12.8 billion The Richemont Group is a financial holding company based in Geneva that brings together luxury brands with a consolidated tradition such as Cartier and Chloé. The Switzerland-based company recorded 3.1% growth in sales. 2. Estée Lauder Companies, US$13.6 billion Founded in 1946 in New York by Joseph Lauder, it is one of the largest companies in the market for cosmetics, perfumes and skin and hair care products. The main brands affiliated with its name are MAC Cosmetics, Michael Kors, Jo Malone and Clinique and many others. 1. LVMH, US$27.9 billion French multinational and conglomerate based in Paris, LVMH owns over 70 earth brands. Some of these are Fendi, Dior, Bulgari and Louis Vuitton.

3. Richemont, US$12.8 billion

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