For the third consecutive year, the quartet of the best luxury players is made up of the giants LVMH, leading since 2014, Kering, Estée Lauder and Richemont. This is what emerges from the seventh edition of the Global Powers of Luxury Goods, Deloitte’s annual study, which evaluates and ranks the top 100 companies in the fashion & luxury sector globally, based on consolidated sales in the fiscal year in question. L’Oréal Luxe follows in fifth place, taking over from Chanel, while EssilorLuxottica, the only Italian to appear in the top 10, remains stable in seventh place. The Swatch Group drops two steps to tenth place, surpassed by Chow Tai Jewelery Group (8th ) and Pvh (9th). As in previous years, made in Italy is confirmed as a leader in the sector, ranking as many as 22 out of a hundred companies. Of these, about two thirds operate in the clothing and footwear sector, while 23% fall into the bags and accessories category, making up more than half of the companies in the category. Overall, Moncler is the brand with the best performance over the years: for five years now a regular guest of the ‘Fastest 20’, in FY2019 it recorded the third highest net profit margin of the top 100, at 22%, after the Brazilian Vivara and Hermès. Ermenegildo Zegna and Euroitalia also recorded double-digit sales growth, so much so that the latter was among the ten fastest-growing companies last year. In addition, 2019 was the year in which six of the major Italian luxury brands returned to record positive growth: Giorgio Armani, Otb, Dolce & Gabbana, Ferragamo, Ermenegildo Zegna and Twinset.

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