Luxury's resilience: Top 100 luxury goods companies generated 250bn dollars in revenue in 2020

The world’s top 100 luxury goods companies generated revenues of 252 billion dollars in 2020, down from 281bn the previous year, but net profit margins of the top 81 companies was down only 5.1 percent. The data was released by Deloitte’s annual Global Powers of Luxury Goods 2021 report, which states the pandemic was the catalyst for change as luxury goods companies adopted new paradigms of value creation but generally remained resilient.