Top 10 Companies in Luxury Goods Market
Luxury goods are items that are not considered essential for everyday life but are desired for their high quality, exclusivity, and/or desirability. Luxury goods are often seen as status symbols and can include items such as clothing, jewelry, watches, cars, homes, and vacations.
Compagnie Financière Richemont SA
Compagnie Financière Richemont SA often referred to as Richemont is a Swiss Company, which primarily operates in the luxury goods industry. The company’s headquarters is located in Bellevue, Switzerland. Some of the goods they produce pertaining to this market are jewelry, watches, and fashion accessories. They also own some of the world’s prestigious brands such as Cartier, Buccellati, Chloe, and AZ Factory.
Kering SA
Kering SA is a French multinational corporation, which specializes in producing luxury goods. The company has many prestigious brands under its belt, some of them are Gucci, Saint Laurent, Bottega Veneta, Boucheron, and others. The company’s headquarter is located in Paris, France. The business divisions of the company are couture, leather goods, jewelry, and eyewear.
L’Oréal-Luxe
L’Oréal –Luxe is the sub-brand of the L’Oréal Group, this division of the group produces luxury brands for the corporation. The company’s headquarters is located in Clichy, France. This holds some of the world’s renowned brands, such as Lancôme Paris, Kiehl’s, Giorgio Armani Beauty, Biotherm, Ralph Lauren, Valention, Prada, and Maison Margiela.
Luxottica Group SpA
Luxottica Group SpA is an Italian eyewear conglomerate and it is the world’s largest eyewear company in the world. The company’s headquarters is located in Milan, Italy. They hold some luxurious brands, such as Alain Mikli, Barberini, Bvlgari, Armani Exchange, Arnette, Burberry, and others. Some of the retail brands include David Clulow, Eyemed Vision Care, Lenscrafters, and others.
Lvmh Group
Moet Hennessy Louis Vuitton, also known as Lvmh Group is a French multinational conglomerate, which specializes in Luxury Goods. The company’s headquarter is located in Paris, France. The company is home to 75 distinguished houses in various sectors such as Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches, Jewelry, and Selective Retailing. They are also home to different high-end artwork.
Prada S.P.A
Prada S.P.A is an Italian corporation, which operates in the luxury fashion industry. It produces leather handbags, travel accessories, perfumes, and shoes. The company’s headquarters is located in Milan, Italy. Prada holds some of the best brands in the place like Miu Miu, Church’s, Car Shoe, Marchesi 1824, and Luna Rossa. Currently, the company is having an exponential growth with €1.9bn net revenues so far, which is increases by 22%.
Ralph Lauren Corporation
Ralph Lauren Corporation is an American fashion company that is publicly traded. It produces products from mid-level to luxury level. The company’s headquarters is located in New York, New York State, United States. One of their most popular and prestigious brand is Polo, which sells classic American styled sportswear. It also has hospitality facilities in New York City, Chicago, Milan, and Paris.
Shiseido Company Ltd.
Shiseido Company Limited is a Japanese multinational company, which is one of the key players in the cosmetic industry. The product division include skincare, makeup, and body care. The company’s headquarters is located in Chuo City, Tokyo, Japan. The company has more than 50 brands under its banner, some of the brands include Anessa, Elixir, Ipsa, and Nars.
Swatch Group
Swatch Group Limited is a Swiss company, which manufactures luxurious watches and Jewelry. The company was a merger between ASUAG, and SSIH. The company’s headquarters is located in Bienne, Switzerland. The company holds more than 15+ prestigious brands, some of them are Brequet, Harry Winston, Blancpain, Leon Hatot, Omega, and Longines.
The Estee Lauder Companies Inc.
Estee Lauder Company is an American multinational company, which competes in cosmetics industry. The company’s headquarters is located in Midtown Manhattan, New York City, United States. They manufacture cosmetic products such as skincare, fragrance, haircare, and others. The company has more than 25 prestigious brands under its belt, with $16 bn sales in the year 2021-2022. The company is present in around 150+ countries across the world, with 60k+ employees.