Date: 2 months ago   Category: Economy

The world market of luxury goods grew almost by 11%


The world market of luxury goods grows, despite delay of economy in the main markets, including China, the European Union and the USA. Such conclusions contain in the annual report of Deloitte Global Powers of Luxury Goods. The rating is formed on the basis of data on revenue of the previous financial year (the 2017th, came to the end in June of the 2018th). The minimum threshold of entry in Global Powers of Retailing in the current report made $218 million that for $7 million above an indicator of last year. Analysts recorded growth of sales in the main markets, Italy remains the leading country - the seller of luxury brands, and France was the leader in growth of sales.

Consolidated revenues of the largest retailers for the specified period increased by 10.8% to previous year, to $247 billion. It is higher than average annual growth rates of sales in 2015-2017 (5.3%). Average profitability on the net profit of 100 largest companies - 9.8%.

From total sales nearly a half (48.2%) had on top-10. Top three on sales volumes in 2017 remained invariable is LVMH Moët Hennessy - Louis Vuitton SE (with revenue of $28 billion), The Estée Lauder Companies ($13.68 billion) and Compagnie Financière Richemont ($12.82 billion). In the five of the largest players there were changes: growth of sales of the owner of Gucci of the Kering company by 27.5% allowed it to overtake the Italian Luxottica and to take the fourth position. In the top ten there was Chanel which got the sixth place - the company for the first time published financial results.

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