Saturday, July 04, 2015

Three Indian Companies in this Global List Which Has Louis Vuitton, Rolex
June 15, 2015: Three Indian jewellery companies - Titan, Gitanjali Gems and PC Jeweller - have been featured in a ranking of top global luxury brands by professional services firm Deloitte.

The list is topped by French multinational LVMH, which owns brands like Louis Vuitton, Bulgari, TAG Heuer etc.

The list also includes major luxury groups like Swatch, Ralph Lauren, Rolex SA, Prada, Tiffany, Giorgio Armani SpA, and Fossil Group etc.

Titan has been positioned 31st in the list, ahead of Italian luxury industry fashion house Dolce & Gabbana (39) and cosmetics and fragrance company Elizabeth Arden Inc (41).

Gitanjali Gems and PC Jeweller are 42nd and 44th spots in the list.

Titled 'Global Powers of Luxury Goods 2015', the Deloitte list ranks luxury firms from across the world according to their fiscal 2013 luxury goods sales in US dollars. The list featured 75 companies in 2014 but was extended to include 100 companies this year.

Including the three Indian companies, there are fourteen new entrants in the Top 75, compared to last year.

"India's PC Jeweller was the most consistent high performer, with the highest CAGR growth from 2011-13, at 32.3 per cent," the report said.

The report also said that luxury market in India is gathering pace while rest of the BRIC countries are still struggling. 

Courtesy: NDTV Ltd
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