In a new research “Global Powers of Luxury Goods” by Deloitte, which examines the 100 largest companies in the world of luxury, Italy ranks first, with 29 companies, more than double the US (14 companies).
Taking account of the financial statements by June 30, 2014, the 100 largest luxury companies have generated an annual turnover of 222 billion dollars, up 3.6% from a year earlier.
The margin grew to 11.4%, but has also strengthened the polarization performance. More companies, as experts explain Deloitte, achieved double-digit sales growth.
As for Italy, only the eyewear giant Luxottica is among the top 10 companies – it occupies the fourth place behind number one, LVMH Group followed by Richemont and Estee Lauder.
The highest ranked Italian brands are Prada (in 15th position) and Giorgio Armani (the 21th). In 2014, three groups have achieved almost half of total turnover of the 29 Italian companies. The growth rate of sales of Italian luxury goods amounted to + 6.9% in 2014, from 4.3% the year before.
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