As smaller companies struggle to break into the market, global luxury goods companies continue to soar to incredible heights.
Louis Vuitton, Ralph Lauren and Estée Lauder are among the top brands generating an aggregated revenue of US$247 billion in FY2017, according to a recent study by Deloitte.
The rich taste for life’s finest luxuries is stronger than ever with the increase up US$30 billion on the previous year’s revenue.
As clothing and footwear dominated the charts, the top 10 companies in the multiple luxury goods sector alone collectively accounted for 30.8% of the total top 100 luxury goods sales.
