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Luxury: Top 10 brands generate more than half of all global sales

Luxury: Top 10 brands generate more than half of all global sales

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A new report published by Deloitte shows that the world’s top 100 luxury brands had revenues of more than $281 billion in 2019. The top ten firms alone accounted for more than half of this amount.

 

At the top of this recently unveiled list, LVMH, Estée Lauder and Kering account for more than a quarter of annual luxury goods revenues in 2019. Indeed, before Covid-19 threatened the figures achieved in the sector, business was doing well for luxury companies.

 

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LVMH was ranked first, bringing in $37.5 billion, while Kering and Estee Lauder, following in its wake, recorded revenues of $17.8 and $14.9 billion respectively.

 

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Featured photo: © LVMH

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