Search DubaiPRNetwork.com

Dubai and UAE
Home >> Lifestyle

Louis Vuitton Tops the Global Powers of Luxury Goods 2023 List by Deloitte; Malabar Gold & Diamonds attains 19th rank as the top Indian international jewellery brand.

Louis Vuitton Tops the Global Powers of Luxury Goods 2023 List by Deloitte; Malabar Gold & Diamonds attains 19th rank as the top Indian international jewellery brand.

Monday, February 19, 2024/ Editor -  

Share

Home >> Lifestyle

The most coveted Global Powers of Luxury Goods 2023 report released last week saw the luxury giant Louis Vuitton topping the list. The annual report, published by Deloitte ascertains the top players in the global luxury goods sector and ranks the top 100 brands operating in the sector based on annual sales figures, brand value and other factors. Global brands including Kering SA, The Estee Lauder companies, Chanel, Hermes, etc. are among the top 10 luxury retailers in the report.

Indian brand Malabar Gold & Diamonds attained the 19th rank on the global list, becoming the top-ranking debutant and the highest-ranked Indian international brand. The extensive retail presence of the brand across 13 countries in Asia, Europe, North America, and Australia has been a major contributing factor to securing this prestigious position.  Alongside Malabar Gold & Diamonds, various distinguished Indian watch and jewellery brands have also secured positions within the Top 100 rankings. Titan Company Ltd was ranked 24th, while Kalyan Jewellers and Joy Alukkas were ranked 46th and 47th respectively. Senco Gold & Diamonds and Thangamayil jewellery were the other Indian brands that made it to the list, with a ranking of 78 and 98 respectively.

France emerged as the foremost hub for luxury, boasting seven companies within the Top 100 list and collectively contributing to nearly a third of sales. This comprehensive report, which is compiled based on data available in the public domain, examines and ranks the top 100 largest brands operating in various luxury goods sectors such as jewellery, watches, cosmetics & handbags based on annual sales figures, brand value and several other factors. The report also provides detailed insights into the luxury goods market, including trends, challenges, digital innovations, impact of Millennial & Gen Z demography, emphasis on sustainability and other opportunities, providing a key insight into the sector’s performance last year.


Previous in Lifestyle

Next in Lifestyle


Home >> Lifestyle Section

Latest Press Release

Air Chateau – a promising 360° helicopter operation, gearing to redefine the mob ...

Introducing Mirai: A Fusion of Timeless Creativity and Modern Elegance by Andrea ...

Statement by H.E. Ahmad Saeed bin Meshar, SLC Secretary General on the GCC foun ...

Porsche Becomes Third Major Manufacturer To Commit To Formula E's Gen4 Era Until ...

POCO Sets New Standard with Global Launch of F-Series in Dubai

DIFC Courts signs cooperation agreement with The Law Society Hong Kong

Dubai qualifies the 3 × 3 Basketball Champions to the World Championship Finals ...

Beauty Meets Technology: CHATEAU BERGER Cosmetiques Unveils its Cutting-Edge Ski ...

H.E. Bin Touq meets with the Mayor of New York City to explore strengthening of ...

Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip La ...

TCL Middle East & Africa showcases their latest line-up of products in Istanbul

Kia EV3 delivers elevated electric SUV experience for all with innovative techno ...

Dubai Sports Council reviews Best Practices for Scouting & Developing Sports Tal ...

Alpen Capital Report highlights investment opportunities amid strengthening inve ...

Unleash Your Inner Royalty with “Call me Queen” Dramatic False Lash Effect Masca ...

Sprudel & The Storey Group combat carbon with mangroves

Eid Al Adha - Hotel Staycation Offers

Hong Kong is a gateway between Middle East and China, says Secretary for Justice

Union Coop to Support Emirates Down Syndrome Association

SSUP wins Tim Hortons to be their official Creative Partner across key GCC Marke ...