India Inc in top 100 luxury brands
Indian luxury brands have finally made their way into the top 100 luxury goods globally.
MUMBAI: Indian luxury brands have finally made their way into the top 100 luxury goods globally. Major retail jewellery brands like Titan, Gitanjali Gems and PC Jewellers have been featured for the first time in top 100 global brands, Deloitte said. The top three companies in the global luxury brands list are the France’s Louis Vuitton, Switzerland’s Richemont and US’ Estée Laude. The ranking is based on the luxury goods sales in FY14.
Titan Company, which has iconic brands such as Tanishq, Titan and Zoya among others has been listed as the 32nd most powerful luxury brand while Gitanjali Gems with popular brands like Nakshatra and Maya has been listed at 42 closely followed by PC Jewellers.
India is one of the only three countries in Asia, which have luxury brands. The other Asian countries are China and South Korea. China, France, Italy, Spain, Switzerland, the UK and the US together represent 84 per cent of the top 100 luxury goods companies. Germany and India have three each, Austria and Brazil two each, Denmark, Luxembourg and Korea have one each.