LVMH, Kering and The Estée Lauder Companies top the list of last year's most successful luxury goods sellers, according to a new report.
The report presents the top 100 largest luxury goods companies globally based on FY21 sales. Image credit: DeloitteLuxury’s biggest brands are gaining ground at an increasingly rapid pace, according to data culled by consulting firm Deloitte.
For the report, Deloitte presents the Top 100 largest luxury goods companies globally, based on their consolidated luxury goods sales in FY2021, which the firm defines as financial years ending within the 12 months from Jan. 1 to Dec. 31, 2021.This year’s Global Powers of Luxury Goods report spells out just how far ahead the industry’s top players are in terms of both sales and profitability.
This group of luxury leaders also accounts for almost 85 percent of the top 100 brands’ total net in FY2021.Deloitte’s data reflects that the 15 luxury goods companies charting sales of more than $5 billion pulled far above their weight in performance, contributing more than two-thirds of sales from the total Top 100.
By all measures, however, this 100-company-wide cohort shows signs of a collective rebound, recovering from COVID-19 pandemic losses at a rate increase of 21.5 percent year-over-year, due to store reopenings and refreshed consumer demand.
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