Bridging the gap between the old and the new

Global Powers of Luxury Goods 2019 Bridging the gap between the old and the new

Contents

Foreword2 Quick statistics4 Bridging the gap between the old and the new 6 Global economic outlook 12 Top 10 highlights 14 Global Powers of Luxury Goods Top 100 19 Geographic analysis25 Product sector analysis31 New entrants36 Fastest 2038 Study methodology and data sources 41 Endnotes43 Contacts45

Foreword

Welcome to the sixth edition of Global Powers of Luxury Goods. This report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in FY2017 (which we define as financial years ending within the 12 months to 30 June 2018). It also discusses the key trends shaping the luxury market and provides a global economic outlook. The world's Top 100 luxury goods companies generated aggregated revenues of US$247 billion in FY2017, up from US$217 billion in the previous year (an increase of US$30 billion). Annual growth also jumped to 10.8 percent, on a currency-adjusted composite basis, much higher than the previous year's 1.0 percent growth. The minimum revenue threshold required to enter the world's Top 100 list of luxury goods companies in FY2017 was US$218 million, up by US$7 million from FY2016, with an average company size of US$2.47 billion. Despite the recent slowdown of economic growth in major markets including China, the Eurozone and the US, the luxury goods market looks positive. The Top 100 players showed strong performance in FY2017 ? seventy-six percent of the companies reported growth in their luxury sales, with nearly half of these recording double-digit year-on-year growth. Key findings from the report include: ?? FY2017 was a good year for luxury goods companies, with year-on-year growth sales across all major countries. ?? Italy was once again the leading luxury goods country in terms of the number of companies, but it still faces

growth challenges; France was the best-performing country in terms of sales growth and also contributed the largest share to the Top 100 luxury goods sales. ?? Clothing and footwear companies dominated with the highest number of companies; cosmetics and fragrances witnessed the highest luxury goods sales growth. ?? The ten companies in the multiple luxury goods sector are by far the largest, with an average company size of US$7.59 billion, outperforming the average size of companies in Top 100. These companies together accounted for 30.8 percent of the Top 100 luxury goods sales. We hope you find this report interesting and useful, and welcome your feedback.

Patrizia Arienti EMEA Fashion & Luxury Leader Deloitte Global

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Top 100 quick statistics, FY2017

US$247 billion

Aggregate luxury goods sales

US$2.47 billion

Average size of Top 100 companies (luxury goods sales)

Minimum luxury goods sales required to be on

Top 100 list

US$218 million

10.8%

Composite year-over-

year sales growth

Composite net profit margin

9.8%

FY2015-2017 Compound annual growth rate in luxury goods sales

5.3%

7.6%

Composite return on assets

48.2%

Economic concentration of

Top 100

Source: Deloitte Touche Tohmatsu Limited. Global Powers of Luxury Goods 2019. Analysis of financial performance and operations for fiscal years ended through June 2018 using company annual reports and industry estimates.

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