Deloitte: sales of largest luxury goods producers on the rise

The sales results of the one hundred largest companies from the luxury goods sector amounted to $247 billion in the past financial year, which is nearly 11 percent more than a year earlier, according to the “Global Powers of Luxury Goods 2019. Bridging the gap between the old and the new” report by Deloitte. A year before, the sales increased by only 1 percent y/y. The three biggest luxury goods producers are LVMH (whose brands include Louis Vuitton), Estée Lauder Companies (whose brands include Estée Lauder) and Compagnie Financiere Richemont (which owns such brands as Cartier and Montblanc).

(PAP)