Top 10 Luxury Firms 2016 Revealed
Deloitte’s annual Global Powers of Luxury Goods ranking sees LVMH, Richemont and Estée Lauder retain their places at the top of the list.
Deloitte’s reveals, for the third year running, the best performing companies in global luxury. Now, we usually argue against paying heed to how well luxury companies are doing, earnings wise, because this doesn’t tell you anything about the products or the experience. Also, some firms, such as Rolex, are not particularly transparent as they are not public. Anyway, for those who care, Deloitte’s annual Global Powers of Luxury Goods ranking sees the parent companies behind Louis Vuitton, Cartier and Estée Lauder retain their places at the top of the list. The AFP has the following details on it.
French-based LVMH, full name LVMH Louis Vuitton Moët Hennessy SE, also owns Bulgari, Chrisitian Dior, Emilio Pucci, Donna Karan, Marc Jacobs, Hublot, TAG Heuer, Moët Chandon, Dom Perignon and Benefit Cosmetics. Based on figures from 2014 (the most recent data available, apparently), it is also the world’s biggest luxury conglomerate.
Swiss company Richemont (Cartier, Dunhill, Lancel, Montblanc, Jaeger-LeCoutre, Piaget) comes in second, with the US’s Estée Lauder group (MAC, Clinique, Jo Malone) in third. The top three retain their places from 2015’s equivalent Global Powers of Luxury Goods report.
Italy’s Luxottica manufactures eyewear under the its own Ray-Ban, Persol and Oakley brands as well as for Chanel, Armani, Versace, Prada and more, and moved up one place to fourth.
Also moving up one were Switzerland’s Swatch (Breguet, Longines, Omega) and France’s Kering (Gucci, Saint Laurent, Balenciaga), with Hong Kong jewelry group Chow Tai Fook moving from fourth to seventh.
L’Oreal Luxe (Lancôme, Biotherm, Kiehl’s), Ralph Lauren, and PVH (Calvin Klein, Tommy Hilfiger) completed Deloitte’s top ten, which is cam out June 7.