Net profit margin of luxury goods industry 2013-2021
In 2021, the luxury goods industry in Italy registered a net profit margin of 7.9 percent, recovering from the previous year's negayive profit margin of 0.6 percent. In that same year, the most successful Italian company in the sector in terms of luxuy goods sales was Prada.
Luxury goods in Europe
Europe hosts some of the most developed markets for luxury goods. The sector saw a major distruption during the pandemic as a result of restricted international travel and national lockdowns. According to recent forecasts, the European luxury sector will still need more time to bounce back to pre-pandemic levels.
Luxury champions
Italy is home to some of the most successful luxury brands and companies worldwide. Companies such as Luxottica are leaders in the sector on a global scale and rely heavily on exports. In a ranking of the leading Italian luxury goods companies in terms of worldwide sales, Luxottica ranked first, reaching a value of over 10 billion euros in 2016. In the following year, Luxottica ranked fourth among the leading European companies in terms of worldwide sales.
Luxury goods in Europe
Europe hosts some of the most developed markets for luxury goods. The sector saw a major distruption during the pandemic as a result of restricted international travel and national lockdowns. According to recent forecasts, the European luxury sector will still need more time to bounce back to pre-pandemic levels.
Luxury champions
Italy is home to some of the most successful luxury brands and companies worldwide. Companies such as Luxottica are leaders in the sector on a global scale and rely heavily on exports. In a ranking of the leading Italian luxury goods companies in terms of worldwide sales, Luxottica ranked first, reaching a value of over 10 billion euros in 2016. In the following year, Luxottica ranked fourth among the leading European companies in terms of worldwide sales.
