The major luxury groups
What are the major world luxury groups and their biggest brands?
About the Major World Luxury Groups
The top 100 luxury goods companies, including major players like LVMH, Richemont, and Chanel, are going global in the 2020s, generating hundreds of billions of dollars in revenue. However, the post-2020 health crisis has highlighted supply risks. To adapt, luxury brands are swiftly embracing digitalization.
Market trends in the 2020s
The presence of luxury companies is global. For luxury goods, globalization is advantageous in terms of production costs and sales volume. Since the post-2020 health crisis, relocated and interdependent production has proven to be a major supply risk, even for big luxury brands.
Luxury groups are accelerating their transition to digitalization. An uncertain global economy and the global transport restrictions continued to shake up luxury industry. Distribution must innovate to face post-2020 restrictions, and all kind of economy threats. Thus, digitization is an opportunity for the major luxury brands, to adapt in this economic context.
The Top 10 Luxury Goods Companies by Sales
The following data presents an overview of the top 10 luxury goods companies by sales for the fiscal year 2021. LVMH Moët Hennessy-Louis Vuitton from France leads the pack with a significant margin, boasting sales of nearly $55 billion, reflecting a growth of over 55% from the previous year.
The list is dominated by companies based in France, the United States, and Switzerland, with notable growth trends across the board. Companies such as Chanel and China National Gold Group Gold Jewellery Co., Ltd showed impressive sales growths of 54.7% and 50.3% respectively. The cumulative sales of these top companies indicate a robust recovery and expansion within the luxury sector, emphasizing the industry’s resilience and dynamic market presence.
The top 10’s contribution to the overall top 100 luxury goods sales is substantial, underscoring their pivotal role in the industry’s financial health.
The biggest brands of the most prestigious luxury groups
More info about luxury groups
What does LVMH stand for and what are some of its top brands?
LVMH stands for Louis Vuitton Moët Hennessy. It is a multinational conglomerate that specializes in luxury goods. Some of its top brands include Louis Vuitton, Dior, Fendi, Celine, and Givenchy. LVMH is the world’s largest luxury conglomerate and is known for its strong portfolio of luxury brands.
What does Richemont stand for and what are some of its top brands?
Richemont, also known as Compagnie Financière Richemont SA, is a Swiss luxury goods holding company. Some of its top brands include Cartier, Dunhill, Montblanc, IWC Schaffhausen, and Van Cleef & Arpels. Richemont is known for its expertise in the luxury sector, particularly in the areas of jewelry and watches.
What does Kering stand for and what are some of its top brands?
Kering, previously known as PPR, is a French multinational luxury group. It specializes in luxury goods and owns a portfolio of powerful luxury and lifestyle brands, such as Gucci, Yves Saint Laurent, Bottega Veneta, Alexander McQueen, and many more.
What does Swatch Group stand for and what are some of its top brands?
Swatch Group is a Swiss luxury watchmaking and jewelry company. Some of its top brands include Omega, Longines, Tissot, Rado, and Breguet. Swatch Group is known for its high-quality watches and its commitment to innovation and design.
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