Fashion and luxury: 23 Italian companies among the top 100

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Fashion&Luxury: 23 Italian companies among the top 100

According to the 10th edition of the Global Powers of Luxury Goods 2023 report by Deloitte, Italy surpasses France (with seven companies).

Ida Palombella, global Fashion&Luxury Industry co-leader at Deloitte for Italy and the global network, explains that "the lion's share continues to be taken by the major luxury groups [like Lvmh, Kering, Chanel and Hermès], but also by Italian companies, which for consumers remain synonymous with world-class excellence and unique creativity".

The first Italian company in the ranking is Prada, at the 18th position. Among the top thirty – as reported by "il Sole 24 ore" – Moncler (27th) and Giorgio Armani (30th, down two positions from 2022) are also included. Together, these three companies generate 35% of the revenue earned by Italian companies in the top 100. Following closely are Otb, Max Mara, Zegna, Valentino, and Dolce&Gabbana. In total, the 23 Italian companies have recorded an average revenue increase of 19.4%.

Italian companies also stand out as growth champions, continues the review by "il Sole 24 ore". Golden Goose, between 2019 and 2022, achieved an average annual growth of 24.1%. Also in the top 20 for growth are Morellato (+17.3% Cagr), Moncler (+16.9%), Euroitalia (perfumes, +15.3%), and Brunello Cucinelli (+14.8%).    

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