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Digitalisation and sustainability are rising in importance among luxury goods companies, according to the 2021 edition of Global Powers of Luxury Goods, a new report from Deloitte Global.
The world’s Top 100 luxury goods companies generated aggregated revenues of US$252 billion in financial year 2020, representing a composite year-on-year decline of 12.2 per cent.
According to Deloitte, there is growing awareness of environmental concerns and the need for sustainability in how goods are produced and used. “As luxury goods companies seek new ways to connect with their customers, they are changing their approach and mindset by incorporating sustainability and digitalisation into their...
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