Top 100 firms operating in luxury consumption market generated 222 USD billion total net income in 2014. Average revenue per company accounts to 2.2 USD billion.

THE INFLUENCE OF GENERATION Y

Consumers today are far more conscious, determined and demanding. For modernday consumers shopping encompasses a multi channel experience. This accords with the idiosyncratic values and the focus on consumption experince of Generation Y. The influence of Generation Y with its increasing income, 30% more connected behavior and authentic brand seeking besides with the increasing number of travelers from developing countries will be determinant for the industry.

FRENCH LOUIS VUITTON LEADS LUXURY AGAIN

According to the report the top three brands (Louis Vuitton, Compagnie Financiére, Esté" Lauder) secured their top three positions since last year, whereas the jewellry company Chow Tai Fook backed down three step in the rankings. Kate Spade leads the fastest growing companies whereas Michael Kors follows.

FRANCE HAS THE BIGGEST SHARE IN TOP 100 COMPANIES Based on the locations of the head quarters, in terms of average company size France tops the list with 5,209 USD million. In terms of growth rate UK leads the list with 11.1% growth. In revenue shares of top 100 firms France has 23.5% and USA follows with a 19.5% share. Number of companies in the list is lead by Italy with 29 different companies more than the double of the American companies in the second rank.