Global luxury goods sector remains resilient: LVMH tops list of world’s largest luxury goods companies

Global luxury goods sector remains resilient, despite tougher consumer market, according to a new Deloitte report. The world’s 75 largest luxury goods companies generated luxury goods sales of $171.8 billion through the end of last fiscal year (fiscal years ended through June 2013) despite a slowdown in the global economy. The average size of the … Read more

Fashion moguls constitute half the list of top 10 Italian billionaires

Michele Ferrero, Leonardo Del Vecchio and Giorgio Armani top the list of Italian billionaires Top 10 Wealthiest Italians   The collective wealth of the top 10 wealthiest Italians stands at US$88 billion, which comprises 40% of the combined net worth of the Italian UHNW population. In particular, fashion moguls constitute half the list and represent … Read more