Top 25 Luxury Companies Worldwide: This article will examine the twenty-five most valuable luxury brands worldwide. You can bypass our comprehensive analysis of the luxury product market by proceeding directly to the list of the five most valuable luxury companies in the world.
The Ever-Changing Terrain of the International Luxury Goods Industry
Currently, luxury products have come to represent exclusivity and prestige. Luxury enterprises persistently serve the discerning clientele that is prepared to pay a premium for premium-grade luxury goods and services. LVMH Moët Hennessy Louis Vuitton SE (EPA: MC), EssilorLuxottica SA (EPA: EL), and Hermès International S.A. (EPA: RMS) are among the most prominent entities operating within the worldwide luxury products industry.
Anticipate substantial growth in the luxury sector in the coming years due to the diversification of product offerings and global expansion by major luxury corporations. Expert Market Research projects that the valuation of the worldwide luxury products market will have accumulated to $346.19 billion by the year 2023. Expect the market to grow at a CAGR of 4.4% between 2024 and 2032, reaching a total value of $510.06 billion for luxury products by the end of the forecast period. The expansion of disposable incomes, particularly in developed and developing regions, is a significant contributor to the luxury products market’s optimistic outlook. Experts predict that the growing demand for various luxury products like apparel, handbags, footwear, eyewear, fragrances, and accessories will drive market growth.
Three Indian companies feature as top luxury brands globally
Market Leaders in the Luxury Goods Sector
Several prominent luxury fashion brands, including EssilorLuxottica SA (EPA: EL), LVMH Moët Hennessy Louis Vuitton SE (EPA: MC), and Hermès International S.A. (EPA: RMS), are anticipated to profit from the increased demand for luxury goods.
Luxury goods companies are placing significant emphasis on collaborations and strategic partnerships to identify novel approaches for augmenting their product portfolios. EssilorLuxottica SA (EPA: EL) and Moncler S.p.A. (BIT: MONC) have agreed to an exclusive licensing arrangement for the design, production, and distribution of Moncler eyewear, the former said on November 22, 2023. The aforementioned collaboration shall be in force from January 2024 until December 2028, with an additional five years of extension being an option. Fall-Winter 2024 will mark the debut of the inaugural Moncler Lunettes collection, which fuses modernity and functionality. It will be available for purchase beginning in September 2024. Boutiques of Moncler S.p.A. (BIT: MONC), moncler.com, EssilorLuxottica SA (EPA: EL) stores, and select opticians around the globe will carry the new luxury eyewear collection.
LVMH Moët Hennessy Louis Vuitton SE (EPA: MC) is a globally recognized luxury conglomerate. It possesses a number of the most expensive luxury brands in the world. LVMH Moët Hennessy Louis Vuitton SE (EPA: MC) disclosed the introduction of the Ghiera, a new handbag by Loro Piana, on February 14. The design of the new Ghiera is sophisticated and practical, drawing inspiration from the textile heritage of Loro Piana. The intricate details of the product are reminiscent of the brand’s trademark ring-shaped pendant. Artisanally constructed in Italy by hand, the new handbag is adorned with exquisite leather and finishing touches. In observance of the introduction of its new Ghiera handbag, Loro Piana transformed its Montenapoleone pop-up store in Milan into a workshop for leather artisans.
Additionally, luxury brands are undertaking store renovations and opening new locations to expand their presence and offer distinctive customer experiences. Hermès International S.A. (EPA: RMS) declared the Reopened Bellagio Resort & Casino on the Las Vegas Strip its flagship location on December 7, 2023. Reflecting the glistening hues and Lake Como setting of the Italian town of Bellagio, the store’s architecture pays homage to that locale. Hermès International S.A. (EPA: RMS) strengthens its affiliation with Las Vegas, Nevada, and emphasizes the considerable presence of its 42-store network in the United States through the renovation of its establishment. Guests are cordially invited to peruse the exquisitely crafted, fully refurbished store, which provides an unparalleled and all-encompassing purchasing encounter.
Following our discourse on the current state of the luxury products industry, we shall now examine the 25 most valuable luxury corporations globally.
In this article, we have outlined the twenty-five most valuable luxury companies worldwide. For the purpose of identifying the largest luxury companies in the world, we consulted numerous sources, including industry reports, multiple comparable rankings alongside our own, and Yahoo Finance and Finviz stock screeners. Based upon their market capitalization on February 15, 2024, we determined the ranking of publicly traded companies. Based on their fiscal year revenues, we ranked non-publicly traded companies. The market capitalizations and revenues of foreign companies were converted to US dollars under the corresponding exchange rates. In the end, we determined the 25 most valuable luxury companies globally according to their market capitalization and revenues. The resulting list is presented in ascending order of importance.
Additionally, Insider Monkey is a website that monitors the investments of hedge funds and corporate insiders. By employing a consensus methodology, we discern the most optimal stock recommendations from over 900 hedge funds that allocate capital to US equities. Over the past decade, hedge fund consensus stock selections have outperformed the S&P 500 Index by over 140 percentage points (see details here). Whether you are an experienced investor or a novice seeking the most favorable equities to purchase, the insights of hedge funds and corporate insiders can be of great assistance.
The World’s 25 Most Valuable Luxury Companies
25. ETR:BOSS Hugo Boss AG
Capitalization of the Market: $4.7 Billion
Hugo Boss AG (ETR: BOSS) is a German luxury lifestyle and fashion conglomerate that is positioned within the top 25 most valuable luxury corporations globally. It is renowned for producing footwear, accessories, and women’s and men’s apparel of superior quality. Hugo Boss AG (ETR: BOSS) possesses a market capitalization of $4.7 billion as of February 15, 2024.
(NYSE: SIG) Signet Jewelers Limited, 24th place.
Capitalization of the Market: $4.72 billion
Signet Jewelers Limited (NYSE: SIG) is a prominent global specialty retailer specializing in diamond jewelry. Several brands, including Blue Nile, Zales, Kay Jewelers, Jared, and JamesAllen.com, are under its ownership and operation. Signet Jewelers Limited (NYSE: SIG), one of the most valuable luxury corporations globally, has a market capitalization of $4.72 billion as of February 15, 2024.
(HKG:0973) L’Occitane International SA 23.
Capitalization of the Market: $5.2 billion
French luxury retailer L’Occitane International SA (HKG:0973) carries fragrances, household goods, face, body, and hair products. Being a leading luxury brand globally, it operates more than 3,000 retail locations across 90 countries. As of February 15, 2024, L’Occitane International SA (HKG:0973) has a market capitalization of $5.2 billion.
22. CPRI (NYSE: Capri Holdings Limited)
Capitalization of the Market: $5.53 billion
A global luxury fashion conglomerate, Capri Holdings Limited (NYSE: CPRI) was established in the year 2013 by American designer Michael Kors. It provides support to Versace, Jimmy Choo, and Michael Kors, among others. Capri Holdings Limited (NYSE: CPRI) has a market capitalization of $5.53 billion as of February 15, 2024.
(LON: BRBY) Burberry Group plc, number 21.
Capitalization of the Market: $5.94 billion
(LON: BRBY) Burberry Group plc is a British luxury fashion corporation. Trench jackets, leather goods, footwear, fragrances, fashion accessories, and eyewear are among its most recognizable products. As of February 15, 2024, Burberry Group plc (LON: BRBY) has a market capitalization of $5.94 billion.
Twenty. BIT:BC Brunello Cucinelli S.p.A.
Capitalization of the Market: $7.66 billion
Brunello Cucinelli S.p.A. (BIT: BC) is a luxury manufacturing enterprise based in Italy. It engages in the design, production, and distribution of accessories, menswear, and womenswear. Brunello Cucinelli S.p.A. (BIT: BC), one of the leading luxury corporations globally, has a market capitalization of $7.66 billion as of February 15, 2024. It is positioned within the top 20 most valuable luxury corporations globally.
Twenty-nine Rolex
Cash on hand: $9.08 billion
Rolex, a Swiss watch manufacturer and designer, stands out as one of the most valuable prestige corporations. Rolex, a distinguished luxury watch manufacturer, is renowned for its expertise and exceptional products. As per the estimations provided by RBC analysts and subsequently published by Reuters on August 25, 2023, Rolex’s revenue for the year 2022 amounted to $9.08 billion.
18. Tapestry Inc. (TPR: NYSE)
A $10.42 billion market capitalization
Formerly known as Coach, Inc., Tapestry Inc. (NYSE: TPR) is a multinational luxury fashion holding corporation based in the United States. Three prominent labels are under the ownership of the organization: Stuart Weitzman, Kate Spade New York, and Coach New York. As of February 15, 2024, Tapestry Inc. (NYSE: TPR) has a market capitalization of $10.42 billion.
17. TYO:4911 Shiseido Company Limited
Capitalization of the Market: $10.53 billion
Shiseido Company Limited (TYO:4911) is a multinational cosmetics corporation based in Japan. It is primarily recognized for its high-end collection of fragrances, cosmetics, makeup, body care, and hair care products. Shiseido Company Limited (TYO:4911), one of the most valuable luxury corporations globally, has a market capitalization of $10.53 billion as of February 15, 2024.
16. Coty Inc. (COTY: NYSE)
Capitalization of the Market: $10.7 billion
The NYSE: COTY-listed American multinational beauty corporation Coty Inc. Numerous brands are under its ownership, and the company has formed alliances with numerous others. Coty Luxury and Coty Consumer are the divisions responsible for the development, production, marketing, and distribution of fragrances, cosmetics, hair care, skin care, and nail care products, respectively. As of February 15, 2024, Coty Inc. (NYSE: COTY) possesses a market capitalization of $10.7 billion.
Ralph Lauren Corporation, Inc. (NYSE: RL), 15.
A $11.58 billion market capitalization
American fashion company Ralph Lauren Corporation (NYSE: RL) is ranked among the top 15 most valuable luxury companies worldwide. The company engages in the design, marketing, and distribution of high-end lifestyle goods across multiple sectors, including footwear, accessories, household goods, fragrances, and apparel. Ralph Lauren Corporation (NYSE: RL), one of the leading luxury brands, has a market capitalization of $11.58 billion as of February 15, 2024.
14. SWX: UHR, The Swatch Group AG
Capitalization of the Market: $12.34 billion
The Swatch Group AG (SWX: UHR) is a watch and jewelry manufacturer based in Switzerland. The company possesses an extensive portfolio of prestige brands, including Blancpain, Glashütte Original, Hamilton, Omega, Rado, and Tissot, in addition to the Swatch product line. As of February 15, 2024, The Swatch Group AG (SWX: UHR) has a market capitalization of $12.34 billion.
13. Pandora A/S (PANDORA:CPH: CPH)
1.13 billion dollars in market capitalization
Danish jewelry manufacturer Pandora A/S (CPH: PANDORA) is renowned for its rings, bracelets, necklaces, and earrings. It is among the greatest corporations in the luxury sector of the fine jewelry industry on a global scale. As of February 15, 2024, Pandora A/S (CPH: PANDORA) has a market capitalization of $13.13 billion.
12. The HKG:1929 Chow Tai Fook Jewellery Group Limited
Territory under Market: $14.84 billion
Chow Tai Fook Jewellery Group Limited, based in Hong Kong and listed as HKG:1929, holds the twelfth position on our list of the most valuable luxury companies in the world. The organization primarily specializes in the production and distribution of upscale luxury jewelry items. As of February 15, 2024, Chow Tai Fook Jewellery Group Limited (HKG:1929) has a market capitalization of $14.84 billion.
HKG:1913 Prada S.p.A. 11.
Value of the Market: $16.45 billion
Prada S.p.A. (HKG:1913) is a luxury apparel corporation based in Italy. Its ready-to-wear, travel accessories, leather handbags, footwear, and additional fashion accessories are well-known. Prada S.p.A. (HKG:1913) possesses a market capitalization of $16.45 billion as of February 15, 2024.
The tenth Chanel
Earnings: $17.2 billion
Chanel, a renowned French luxury fashion house brand, ranks among the top ten most valuable luxury corporations worldwide. Being a highly-priced luxury brand, it focuses on producing luxury accessories, fragrances, and ready-to-wear items. Chanel achieved a revenue of $17.2 billion in the year 2022.
S.p.A. Moncler 9. (BIT:MONC)
$17.99 billion is the market cap.
Moncler S.p.A. (BIT: MONC) is a luxury fashion business based in Italy. The organization has gained a reputation for its leather products, knitwear, designer vests, raincoats, windbreakers, footwear, fragrances, and accessories, with a specific focus on ready-to-wear outerwear. Moncler S.p.A. (BIT: MONC) has a market capitalization of $17.99 billion as of February 15, 2024.
8. NSE: TITAN Titan Company Limited
Capitalization of the Market: $38.74 billion
Titan Company Limited, an Indian corporation listed on NSE as TITAN, primarily focuses on high-end fashion accessories such as watches, jewelry, and eyewear. Titan Company Limited (NSE: TITAN), one of the most valuable luxury corporations globally, has a market capitalization of $38.74 billion as of February 15, 2024.
7. NYSE:EL The Estée Lauder Companies Inc.
Capitalization of the Market: $52.09 billion
International cosmetics corporation The Estée Lauder Companies Inc. (NYSE: EL) is based in the United States. The company engages in the production and distribution of high-end cosmetics, hair care items, perfume, and hygiene aids. A diverse portfolio of brands is owned by The Estée Lauder Companies Inc. (NYSE: EL), which includes Tom Ford Beauty, La Mer, Jo Malone London, and Clinique. The market capitalization of The Estée Lauder Companies Inc. (NYSE: EL) is $52.09 billion as of February 15, 2024.
6. KER (EPA:KER) Kering SA
Capitalization of the Market: $55.9 billion
Headquartered in France, Kering SA (EPA: KER) is a multinational corporation specializing in luxury products. Its portfolio includes Yves Saint Laurent, Gucci, Balenciaga, Creed, and Bottega Veneta, among other renowned luxury fashion labels. As of February 15, 2024, Kering SA (EPA: KER) possesses a market capitalization of $55.9 billion. Our list ranks it as the sixth most valuable luxury company globally.
