Global Powers of Luxury Goods 2022
A new wave of enthusiasm in luxury
As luxury goods companies recovered from the adverse impact of the COVID-19 pandemic, they are now presented with new opportunities arising from the ‘green transition’ and progress toward a circular economic model and responsible business. This along with the continuing digital revolution of the metaverse and Web3 is generating a lot of enthusiasm in the luxury industry and provides unparalleled opportunities for companies to be innovative and disruptive.
In addition to exploring the trends impacting the luxury goods market, the
report identifies the 100 largest luxury goods companies based on publicly
available data for FY2021 (which we define as financial years ending within the 12 months from 1 January to 31 December 2021) and evaluates their performance across geographies and product sectors. The trends section in this year's report focuses on how the luxury industry is embracing the circular economy and the metaverse.