If you pay attention to the financial data of the luxury sector for the entire year of 2016, you can see how this universe continues to occupy an important place. The 5 luxury brands with the highest international sales volume, have millionaire revenues that, year after year, make them position themselves at levels without competition.
In this regard, the first four positions in the ranking continue to belong to the companies that occupied them in 2015. However, despite the fact that some luxury companies have a lower sales volume than their main competitors, the percentage of growth is much higher .
Global Powers of Luxury Goods 2017 is a study that aims to analyze trends in the current luxury market. Through surveys, they have managed to establish that the premium universe continues to bet on growth. In this sense, the emerging markets (United Arab Emirates, Russia or China, among others) are the ones that bear much of the blame. Despite this, the more traditional markets, in which luxury has always enjoyed very good health, continue to advocate for it, avoiding falls.
It should be noted that, according to consumers of luxury products, the digital market is the one that takes the cake today. In fact, a large part of those surveyed say that online purchases of premium products are necessary.
5 luxury brands with billions in sales
1. LVMH
Obviously, the luxury firm that reigns, above any other, in this sector is LVMH. This conglomerate of premium companies includes among its brands firms such as Louis Vuitton, Moët & Chandom, Loewe, Fendi or Bvlgari, among many others. In 2016 they managed to maintain their position at the top of the ranking, thanks to more than 22.4 billion dollars in sales volume. The growth that LVMH has experienced during the same period has been more than 15%.
2. Compagnie Financière Richemont SA
This conglomerate, of Swiss origin, has luxury brands such as Montblanc, Cartier and Chloé, among others. They occupy second place on the podium in this ranking with sales of over 12,000 million dollars. However, the growth of the company has only been 6%.
3. Estée Lauder Companies
Luxury beauty also has a place among the firms that accumulate the most sales. The company, which houses brands such as Estée Lauder, Clinique or MAC, had sales in 2016 of more than 11,000 million dollars.
4. Luxoticca Group
Luxoticca is the Italian conglomerate of top-tier sunglasses brands, such as Ray Ban or Vogue. Its sales in 2016 were almost 10,000 million dollars, with a growth of more than 15%.
5. Kering
The last position in the ranking of the luxury companies with the highest sales volume goes to another French conglomerate. In this case, the company, responsible for Gucci, Balenciaga or Saint Laurent, has managed to access the top 5 for the first time. Its sales have exceeded 8,700 million dollars in the last financial year, experiencing growth of more than 16%.
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