A man walks past a Louis Vuitton shop near Genghis Square in downtown Ulan Bator, Mongolia, June 27, 2016. Reuters
Average sales among the world’s top 100 luxury goods companies reached $2.2 billion (S$3 billion) in 2015, according to a Deloitte Global report.
The company released its Global Powers of Luxury Goods report last month. It reveals LVMH, which accounts for more than 10 per cent of total luxury goods sales among the top 100 companies, recorded a very strong performance: it was No 1 in luxury goods sales revenue, and also No 1 among the top 10 companies for luxury goods sales growth rate and net profit margin.
Chow Tai Fook – sometimes called “Asia’s Tiffany & Co” – dropped three places to No 7 in the rankings, after a 17 per cent decline in sales. Let’s take a look at the world’s top 10 luxury goods companies: No 10 PVH Corp
Selection of luxury brands: Calvin Klein, Tommy Hilfiger
Country of origin: United States
FY14 Luxury goods sales: $6.44 billion
No 9 Ralph Lauren Corporation
Selection of luxury brands: Ralph Lauren, Polo Ralph Lauren, Purple Label, Black Label, Double RL, RLX Ralph Lauren
Country of origin: United States
FY14 Luxury goods sales: $7.62 billion
No 8 L’Oreal Luxe
Selection of luxury brands: Lancôme, Biotherm, Helena Rubinstein, Urban Decay, Kiehl’s
Country of origin: France
FY14 Luxury goods sales: $8.24 billion
No 7 Chow Tai Fook Jewellery Group Ltd
Selection of luxury brands: ...