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Luxury brands post remarkable growth

According to Deloitte’s Global Powers of Luxury Goods 2018 report, the world's ten leading luxury corporations generated nearly half of the Top 100 ranking’s aggregate sales. The three groups at the top of the ranking, LVMH, Estée Lauder and Richemont, posted double-digit growth year-on-year for each of the last five years.

Sales growth slowed down for the majority of corporations, partly due to the comparison with high growth rates boosted by exchange rate differentials, but also as a result of the tough economic environment and the weakness of consumer demand for luxury products.

In the financial year 2016, the Top 100 luxury corporations are estimated to have generated a revenue of $217 billion in luxury goods, equivalent to only a 1% growth, compared to 5.8% the previous year at constant exchange rates. However, 57 of the 100 groups ranked did increase their revenue, and 22 of them posted double-digit growth.

 

 
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