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Global Powers of Luxury Goods 2017

The new luxury consumer

The fourth annual report examines and lists the 100 largest luxury goods companies globally, based on publicly available data for consolidated sales of luxury goods in FY15 (which we define as financial years ending within the 12 months to 30 June 2016). It also discusses the key trends shaping the luxury market and provides a global economic outlook.

Key findings from the report include:

  • The top 4 luxury goods companies maintained their positions on the leader board.
  • Consumers are clear that they see the future of luxury as digital. Over 37% surveyed feel that luxury products and technology will become more closely linked. Digital channels are creating a need for large-scale, high-quality personalised content.
  • Luxury goods sales growth is accelerated by currency volatility—sales for the world's 100 largest luxury goods companies grew by more than 3 percentage points in FY2015. Most currencies weakened significantly against the US$, which benefited many multinational companies based in other regions who experienced favorable currency effects, driving up reported sales.
  • Italy is once again the leading luxury goods country in terms of number of companies, while France has the highest share of sales.
  • Companies in the multiple luxury goods sector nearly double sales growth—compared to the previous year and leads profitability, while bags and accessories continues to be the fastest growth sector.

How can Deloitte help?

The Africa C&IP group believes that we can make the greatest impact for our clients when we are involved in the entire value chain. By building synergies between the varied C&IP sectors we are now able to offer more consistent and efficient client solutions locally and globally.

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