Top Luxury Goods Companies Worldwide
Global revenues from the luxury goods market are expected to rise by 4% in 2024, to $369 billion. High-end goods related to leather products and cosmetics and fragrances are set to spur the annual increase, as sales from these categories surge by 4.7%.
If you’re thinking about starting a business in this lucrative sector, you’ll need to better understand it—starting with knowing what the leading luxury goods companies are. Here’s a list of the largest luxury goods companies, ranked by their market capitalization.
Top luxury retailers (as of April 2024)
|
Company |
Market capitalization (as of April 2024) |
|---|---|
|
1. LVMH |
$419.79 billion |
|
2. Hermès |
$254.74 billion |
|
3. Dior |
$142.47 billion |
|
4. EssilorLuxottica |
$97.23 billion |
|
5. Compagnie Financière Richemont |
$83.40 billion |
|
6. Kering |
$45.13 billion |
|
7. Titan Company |
$38.78 billion |
|
8. Prada |
$18.66 billion |
|
9. Moncler |
$18.51 billion |
|
10. Chow Tai Fook |
$12.98 billion |
1. LVMH (Moët Hennessy Louis Vuitton)
- Market cap: $419.79 billion
- Founded in: 1987
Topping the list of luxury goods companies sorted by their market values is LVMH Moët Hennessy Louis Vuitton, popularly known as LVMH. As of April 2024, the French company is valued at $419.79 billion. As a conglomerate, LVMH boasts an impressive portfolio including Louis Vuitton, Moët & Chandon, Hennessy, and Dior among others.
LVMH’s market capitalization has been rising rapidly over the past decade and has grown more than five-fold since 2014, when it recorded at $80.72 billion. Given LVMH’s market value and the luxury fashion industry’s accelerating growth rates, it’s no wonder the company currently also ranks among the biggest clothing companies in the world.
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2. Hermès
- Market cap: $254.74 billion
- Founded in: 1837
LVMH’s lead as the top luxury retailer is a significant one. The second-largest luxury goods company, Hermès, has a market value of $254.74 billion—around two-thirds of LVMH’s.
Renowned for its exclusivity and high-quality craftsmanship, Hermès is a symbol of ultimate luxury in fashion and accessories and is known for its iconic Birkin and Kelly bags, which have high resale values.
3. Dior
- Market cap: $142.47 billion
- Founded in: 1946
Third on the list of the top luxury goods companies is Dior, which is another jewel in the LVMH crown, contributing to the group’s rising valuation. As of April 2024, its market value is $142.47 billion. As it stands, LVMH, Hermès, and Dior are currently the only luxury goods companies with a value of over $100 billion.
4. EssilorLuxottica
- Market cap: $97.23 billion
- Founded in: 2018
Another French company, EssilorLuxottica, ranks next. A powerhouse in the eyewear industry, the Paris-headquartered luxury firm owns several well-known eyewear brands like Ray-Ban, Oakley, and Vogue Eyewear, making it a major player in both luxury and everyday eyewear markets.
5. Compagnie Financière Richemont
- Market cap: $83.40 billion
- Founded in: 1988
Commonly known as Richemont, Geneva-headquartered Compagnie Financière Richemont rounds out the list of the five largest luxury goods retailers. It is valued at $83.4 billion. Specializing in jewelry, watches, and writing instruments, Richemont owns several prestigious brands such as Cartier, Van Cleef & Arpels, and Montblanc.
6. Kering
- Market cap: $45.13 billion
- Founded in: 1962
Kering, a significant luxury group with a focus on fashion and leather goods, owns high-end brands including Gucci, Bottega Veneta, and Balenciaga. It is currently sixth on the list of the top luxury goods companies with a market cap of $45.13 billion. The Gucci brand alone accounts for half of the group’s worth.
7. Titan Company
- Market cap: $38.78 billion
- Founded in: 1984
Titan Company is an Indian luxury goods company that has expanded beyond its origins in watchmaking to include jewelry and eyewear. With a market capitalization of $38.78 billion, it is a major player in the luxury market in India.
8. Prada
- Market cap: $18.66 billion
- Founded in: 1913
Popular Italian fashion brand Prada also ranks among the top luxury goods companies worldwide, with a valuation of $18.66 billion. Its portfolio includes the Miu Miu brand, known for its avant-garde style, alongside the classic sophistication of Prada.
9. Moncler
- Market cap: $18.51 billion
- Founded in: 1952
Originally a French brand now headquartered in Italy, Moncler is famed for its luxury down jackets and sportswear. With a market cap of $18.51 billion, it represents high-end fashion with a focus on winter wear.
10. Chow Tai Fook
- Market cap: $12.98 billion
- Founded in: 1929
Hong Kong's Chow Tai Fook concludes the list of the largest luxury goods companies with a market cap of $12.98 billion. This jewelry giant is renowned for its gold and gem-set jewelry, catering to a diverse clientele ranging from high-end collectors to accessible luxury consumers.
Top luxury retailers: summary
Of these top 10 luxury retailers, eight are based in Europe, with five of them in France alone, highlighting the continent’s dominance in the luxury goods market. The other two (Titan Company and Chow Tai Fook) are based in Asia.