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In 2022, the luxury goods industry in Italy registered a net profit margin of *** percent, fully back to pre-pandemic levels. In that same year, the most successful Italian company in the sector in terms of luxury goods sales was Prada.

Luxury goods in Europe

Europe hosts some of the most developed markets for luxury goods. The sector saw a major disruption during the pandemic as a result of restricted international travel and national lockdowns. According to recent estimations, the European luxury sector bounced back to pre-pandemic levels.

Luxury champions

Italy is home to some of the most successful luxury brands and companies worldwide. Companies such as Luxottica are leaders in the sector on a global scale and rely heavily on exports. In a ranking of the leading Italian luxury goods companies in terms of worldwide sales, Prada ranked first, reaching a value of over *** billion euros in 2022. In the following year, Prada ranked **** among the leading European companies in terms of worldwide sales.