Status and Style — the factors that makes luxury brands loved the world over by consumers. But little is known about the large corporations that own, market and sell the products that signify style statement for millions across the globe.
In this article we list the largest companies that own the biggest luxury brands across the world.
1. LVMH Moet Hennessy Louis Vuitton
With annual revenue of $35.66 billion (in 2015), France-headquartered LVMH is the largest luxury brand across the world and home to some of the finest fashion, apparel, perfumes, watches and spirits. The company boasts of brands such as expansive spirit producers Moët & Chandon, Hennessy, international fashion house Louis Vuitton, luxury watchmakers Hublot and TAG Heuer and a host of perfumes & cosmetics producers.
Luxury goods group, Christian Dior is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault, majority shareholder of Dior, is Chairman of both companies and CEO of LVMH.
2. Kering SA
The French luxury goods holding company has annual revenue of over $10 billion (in 2014). It has two divisions namely Luxury and Sports & Lifestyle. Home to well known fashion brands such as Gucci, Saint Laurent Paris and Bottega Veneta, the company was renamed to Kering in 2013 and was previously known as PPR. The Sports & Lifestyle division consists of Puma, Cobra Golf and Volcom.
The company was founded in 1963 by businessman François Pinault and is now run by his son François-Henri Pinault.
3. Compagnie Financière Richemont SA (Richemont)
Founded by South African businessman Johann Rupert in 1988, Compagnie Financière Richemont SA (Richemont) had a turnover of a tad over $11 billion in 2016. Based in Switzerland, the company sells premium jewellery, watches, leather goods, writing instruments, firearms, clothing and accessories.
Leading fashion accessories makers Cartier and Baume & Mercier, writing instruments and watches maker Mont Blanc, firearms maker Purdey and leather goods maker Lancel are just a few of the brands under the Richemont umbrella.
4. Luxotica Group SpA
Where there is fashion, there is a whole host of eyewear and one company controls the largest portfolio of sunglasses and prescription frames across the world. Based in Milan, Italy, Luxottica Group S.p.A. is the world’s largest eyewear company with annual revenue of a whopping $8.9 billion in 2015.
Luxottica designs, manufactures, distributes and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Sears Optical, Target Optical, Eyemed vision care plan, and Glasses.com. Its best-known brands are Ray-Ban, Persol, and Oakley. Luxottica also makes sunglasses and prescription frames for designer brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Miu Miu, Donna Karan, Stella McCartney, and Tory Burch.
5. Hermes International SCA
Established in the 19th century by Thierry Hermès, Hermès International S.A., is a French high fashion luxury goods manufacturer, specializing in leather, lifestyle accessories, home furnishings, perfumery, jewellery, watches and ready-to-wear.
As of 2008, Hermès has 14 product divisions encompassing leather, scarves, ties, men’s wear, women’s fashion, perfume, watches, stationery, footwear, gloves, enamel, decorative arts, tableware, and jewellery raking in an annual revenue of $5.37 billion in 2016.
If you think we have missed out any, please feel free to leave the details in the comments section below.
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