The French luxury group lvmh, the beauty giant L'Oreal and the number one in sportswear Nike I'm at the top of the list for turnover of the MFF Luxury stock index, who observed the 2023 accounts di 70 company of the sector. In Italy they stand out for their highest revenues EssilorLuxottica, Prada and Oniverse (ex Calzedonia). In the same index, the ranking regarding theebitda 2023 LVMH is still at the top, followed by Kering, Richemont and Hermès, but also the fast fashion of Uniqlo, as reported Milano Finanza.
La market capitalization ranking instead refers to the closing of trading on Friday 6th September 2024. In this case, the names of LVMH, L'Oréal and Hermès return, which added together have a capitalisation of over 712 billion euros. Instead, as regards the best stock market performances the winning name by far is that of the American clothing group Abercrombie & Fitch which has seen a 138% increase in its shares, reaching a capitalization of over 6 billion. It is followed by its compatriots Gap with a +76%, G-III apparel group, the parent company of Donna Karan and Karl Lagerfeld,
MFF Luxury stock index, the first maxi fashion and luxury index launched by MF Fashion, ranges from the New York Stock Exchange to Piazza Affari, from Eastern stock exchanges such as Hong Kong and Tokyo to South American lists.
LVMH, L'Oreal and Nike top the 2023 turnover chart
To establish itself among the global giants with revenues eleven-figure sums were first and foremost the French luxury conglomerate lvmh, but also the beauty giant L'Oréal and the number one in sportswear NikeThe three giants stand out at the top of the top 10 of the global fashion ranking for turnover respectively with 86,1 billion, over 49 billion and 41,1 billion euros in revenues in 2023.
It is confirmed at fourth the fast fashion giant Inditex, parent company of brands such as Zara, Bershka, Pull&bear, Stradivarius and Massimo Dutti, with its 32,5 billion euros, followed by the Italian-French eyewear company Essilor Luxottica which reached almost 25,4 billion in revenues.
In sixth position Adidas. Nike's German competitor, listed on the Frankfurt stock exchange, confirmed its place in the ranking despite the decline in turnover reported in the 2023 fiscal year. In the period, in fact, revenues slipped from 22,5 billion euros in 2022 to 21,4 billion euros.
Hennes & Mauritz, the Swedish group that owns the fast fashion brand, is instead rising in share. H&M has conquered the seventh position in the ranking, displacing Kering thanks to a turnover that rose to 20,6 billion euros. But it was not only the Stockholm company that overtook the conglomerate led by François-Henri Pinault. Even the luxury giant Richemont, which includes high jewellery houses such as Cartier and Van Cleef & Arpels, gained a position thanks to its 19,9 billion euros, which brought it to eighth place.
Slips from seventh to ninth place Kering, the parent company of the brands Gucci, Saint Laurent, Bottega Veneta and Balenciaga, which in 2023 returned below the threshold of 20 billion in revenues, stopping at 19,5 billion due to the restructuring phase that its brands are facing. Closing the top 10 compared to the last edition is the Japanese group Fast retailing, the parent company of Uniqlo, which has surpassed the American cosmetics Estée Lauder thanks to a turnover of 18,8 billion euros.
LVMH once again tops the list for profitability, followed by Kering, Richemont and Hermès
In the top 10 for ebitda still stands out lvmh, with over 29,9 billion euros reached in the 2023 financial year, and follow Kering, Richemont and Hermès, but fast fashion also enters the ranking Uniqlo. On the second step of the podium is then L'Oréal, which reported an EBITDA of 9,9 billion euros. A notable leap was made by Inditex, which saw its EBITDA rise from 7,28 billion in 2022 to 9,39 billion in the last financial year. Fourth place for Nike, off the podium with 6,9 billion, a result lower than the 7,19 billion euros of 2022. The group's 2023 EBITDA also fell Kering, which went from 7,15 billion to 6,65 billion euros.
The Swiss conglomerate, on the other hand, has gained one position Richemont, led by the South African entrepreneur Johann Rupert and listed in Zurich and Johannesburg. The company that controls the fashion houses clockwork including Baume & Mercier, Jaeger-LeCoultre, Panerai, Piaget and Vacheron Constantin closed 2023 with an EBITDA of 6,54 billion euros. And the historic Parisian maison also rises Hermès, which follows closely behind with 6,52 billion euros thanks to the solid performance of its products. The brand is considered by analysts to be the luxury brand in faster and more solid growth and in the last financial year it recorded double-digit increases that involved all categories and all markets. On the other hand, it is losing ground Essilor Luxottica, whose EBITDA slowed in the 2023 financial year, reaching 6,29 billion euros compared to 6,38 billion euros in 2022, and the Fast retailing group entered the top 10, ranking in ninth place, with an EBITDA of 3,89 billion euros. The ranking then closes H&M, which accelerated to report 3,26 billion euros of 2023 EBITDA.
Market caps as of September 6: Lvmh, L'Oréal and Hermès win
MF Fashion's analysis continued by comparing the capitalizations at the close of trading on Friday, September 6, 2024 and the best performances in the last 12 months achieved on the same date. And it is the main components of the Cac 40 that dominate when it comes to large capitalizations, with the exception of Kering. The ones that stand out in terms of market value are those that impose themselves on their competitors LVMH, L'Oreal and Hermès. Added together, these three companies have a market capitalization of over 712 billion euros.
But while the first two have lost 16% and 4% of their value in a year, Hermès' market cap has improved by 5 percentage points. The real news, however, is the recovery of fast fashion which, in one year, has climbed the top 10 of global fashion & luxury. The Galician group has in fact made the biggest leap Inditex which on September 6, the date on which this analysis was closed, saw its value rise to 145,2 billion euros against the almost 110 billion recorded last year in the same period. A performance that allowed the company to oust from fourth place a giant like Nike, which fell to fifth place after having left almost 40 billion euros on the ground.
Abercrombie & Fitch is the best performer on the stock market with a +138%
Earning first place for stock market performance in twelve months it was the American clothing group Abercrombie & Fitch has seen its share price jump by 138%, reaching a capitalisation of over 6 billion. Its compatriots follow Gap with a +76%, G-III apparel group, the parent company of Donna Karan e Karl Lagerfeld, with a +66% and Kontoor brands, a spin-off of Vf corporations dedicated to denimwear brands Lee and Wrangler, at +65%. The Danish designer jewelry closes the top 5 Pandora, up 60 percentage points in one year
