The top 10 luxury brands across the world
Global luxury brands continue to soar in sales revenue as new brands struggle to make a name on the market today. A new study by Deloitte places Ralph Lauren, Louis Vuitton and Estee Lauder into the top 10 brands. They aggregated about US$247 billion of revenue in 2017.
Big businesses know how to attract young consumers who are digital savvy and tend to prefer luxury materials. Here are the top 10 luxury brands across the globe:
LVMH, US$27.9 billion
Estée Lauder Companies, US$13.6 billion
Richemont, US$12.8 billion
Kering, US$12.1 billion
As the owner of the world’s most popular brand Gucci, according to Lyst index, it is little surprise the French group that owns Yves Saint Laurent, Balenciaga and Pomellato jumped a position on the previous year.
Luxottica Group, US$10.3 billion
The Milan-based eye wear company may have dropped one spot in ranking but it is still the largest business in the eye wear industry, home to brands including Prada, Burberry, Coach, Bulgari, Chanel, Ferrari, Tiffany & Co. and Versace.
Chanel Limited, US$9.6 billion
L’Orêal Luxe, US$9.5 billion
Sliding one position in ranking, the L’Oréal Group is known for brands including Viktor & Rolf, Kiehl’s and Lancôme.
Swatch Group, US$7.8 billion
Chow Tai Fook Jewellery Group Limited, US$7.5 billion
PVH Corp, US$7.3 billion
One of the world’s largest apparel companies responsible for Tommy Hilfiger, Van Heusen and Calvin Klein may have dropped one position, but it still secured a spot in the top 10.