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FAQs
With over $17 billion in brand value as of 2022 and revenues exceeding $15 billion annually, Louis Vuitton sits atop the global luxury industry.
Which luxury brand has the highest global turnover? ›
With over $17 billion in brand value as of 2022 and revenues exceeding $15 billion annually, Louis Vuitton sits atop the global luxury industry.
What is the growth rate of luxury brands? ›
Executive summary. Despite challenging macroeconomic conditions, we estimate the overall luxury market reached €1.5 trillion globally in 2023, a robust 8% to 10% growth over 2022 at current exchange rates (11% to 13% at constant exchange rates), setting a record for the industry and proving its unparalleled resilience.
What luxury brands increase in value? ›
Hermès, Chanel, and Louis Vuitton are top-performing brands in terms of average resale value, with pieces like the Hermès Constance, Hermès Picotin, Chanel Deauville Tote, and Louis Neverfull retaining an average 127%, 120%, 114%, and 136% value in 2023, respectively.”
Who is the biggest market for luxury brands? ›
From the selected regions, the ranking by revenue in the luxury goods market is forecast to be lead by the United States with 83.3 billion U.S. dollars. In contrast, the ranking is trailed by Germany with 18.5 billion U.S. dollars, recording a difference of 64.8 billion U.S. dollars to the United States.
What is the fastest growing luxury brand? ›
Fastest growing luxury brands worldwide between 2019 and 2022, based on CAGR
Characteristic | Compound annual growth rate |
---|
Puig S.L. | 21.3% |
Aritzia Inc. | 19.6% |
Audemars Piguet & Cie | 19.4% |
LVMH Moët Hennessy-Louis Vuitton SE | 19.4% |
6 more rowsDec 18, 2023
Which luxury brand is the most profitable? ›
The United States has long been the largest regional market for luxury goods and it was estimated to continue to be the. LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 130 billion U.S. dollars in 2024.
Which is the fastest growing brand? ›
Fastest growing brands worldwide in 2024, by brand value growth rate
Characteristic | Growth rate |
---|
Nvidia | 163% |
Charles Schwab Corporation | 136% |
Nongfu Spring | 102% |
Marina Bay Sands | 89% |
6 more rowsMay 28, 2024
What is the future of luxury in 2030? ›
Over the next decade, younger generations, including Generation Z and Generation Alpha, are set to play a more significant role in luxury spending. Their engagement with luxury goods is expected to grow three times faster than that of other generations, making up about a third of the overall market by 2030.
What is the future of luxury 2025? ›
With 20% of luxury goods sales expected to be made online by 2025, luxury brands are increasingly prioritizing digital transformation. Many fashion houses are embracing cutting-edge technology to enhance their online presence.
Best luxury stocks to buy
Stock | Ticker | Description |
---|
RH | (NYSE:RH) | A retailer of upscale furniture and home goods |
LVMH Moet Hennessy Louis Vuitton | (OTC:LVMHF) | World's largest luxury company spanning multiple brands and product lines |
Ferrari | (NYSE:RACE) | Maker of luxury sports cars |
Mar 8, 2024
Who is the king of luxury goods? ›
He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Arnault is the third richest person in the world, with an estimated net worth of US$194 billion as of July 2024, according to Forbes.
What is the highest selling luxury brand? ›
Gucci and Louis Vuitton are the most popular luxury fashion brand in the United States, followed by Chanel and Dior.
What is the luxury forecast for 2024? ›
In 2024, the Luxury Goods market is projected to generate a revenue of US$368.90bn. This market is anticipated to grow at an annual rate of 3.22% (CAGR 2024-2028).
Which luxury brand pays the most? ›
Top Paying Companies
1 | Bloomingdale's | $43,363 |
---|
2 | Burberry | $41,002 |
3 | Saks Fifth Avenue Stores (SFA) | $39,514 |
Jul 16, 2024
What company owns most luxury brands? ›
Recent News. LVMH, multinational conglomerate headquartered in Paris that is the largest luxury goods group in the world. LVMH owns 75 luxury brands, including Louis Vuitton, Christian Dior, and Tiffany & Co.
Which company has the biggest turnover in the world? ›
American retail corporation Walmart has been the world's largest company by revenue since 2014. The list is limited to the largest 50 companies, all of which have annual revenues exceeding US$130 billion.
Who has the highest global brand value? ›
Brand Finance list (2024)
Rank | Brand | Brand value (US$ millions) |
---|
1 | Apple Inc. | 516,582 |
2 | Microsoft Corp | 340,442 |
3 | Google | 333,441 |
4 | Amazon.com | 308,926 |
6 more rows