[Luxury Barometer] Global Top 5 in 2024: a delicate balance As Richemont and Chanel publish 2024 accounts (May 2025), mind Retail analyses the health of the world's top five luxury brands—LVMH, Chanel, Hermès, Kering, and Richemont—using 5 indicators. While the global market is experiencing a second year of decline, Hermès and Richemont are standing out with gains in market capitalisation, sales growth and, for the former, a record margin of 30.3%. Conversely, LVMH, Chanel and Kering are seeing sales and market capitalisation melt away.
To capture the potential of Indian beauty, Chanel seals a key partnership with Nykaa Asia In India, the premium beauty market is whetting appetites. Under the leadership of Chanel’s CDO, Renaud Batteux,…
