Recently, Deloitte recently released Global Powers of Luxury Goods 2022, announcing the top 100 luxury companies in the world for 2022.
Top 10 Luxury Companies By Deloitte
$LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ , $Kering SA(PPRUF)$ , and $Estee Lauder(EL)$ continue to reign in the top three.
The other top 10 companies are Chanel Limited, $L'Oreal Co.(LRLCY)$, $Compagnie Financiere Richemont AG(CFRUY)$ , $Hermes International SA(HESAY)$, $Chow Tai Fook Jewellery(01929)$ , Rolex SA and $China National Gold Group Gold Jewellery Co.,Ltd(600916)$.
Data from Deloitte and Tiger Trade
Among the top 10 luxury companies, Chanel and Rolex are not public companies.
$Hermes International SA(HESAY)$ and $Chow Tai Fook Jewellery(01929)$ also ranked the top 10 winners in stock market.
2022 Top 10 Luxury Winners in Stock Market By Luxe.CO
The luxury sector showed strong resilience, with a cumulative decline of 8.8% in 2022, while the $S&P 500(.SPX)$ fell 19.4% over the same period.
Data from Luxe.CO
The best performers during the pandemic period were Italian luxury goods group $Brunello Cucinelli S P A(BCUCF)$, French luxury goods giant $Hermes International SA(HESAY)$ and $Chow Tai Fook Jewellery(01929)$. Their share prices doubled compared to the pre-pandemic period.
The best performers in 2022 are: German luxury sports car brand $Porsche Automobile Holding SE(POAHY)$ , which completed its IPO in September this year; Italian luxury company $Brunello Cucinelli S P A(BCUCF)$ ; $Chow Tai Fook Jewellery(01929)$; British luxury company $Burberry Group Plc(BURBY)$; and German fashion group $Hugo Boss AG(BOSSY)$.
Have you bought these brands?
Which brand do you buy as a new year gift?
What's your view towards the luxury sector performance?
Do you invest in luxury or luxury stocks?
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