The luxury products companies contribute US$247 billion to the global economy
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.
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.