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In 2019, the Italian luxury goods company Trussardi S.p.A. registered a turnover of 16.87 million euros. Despite the positive turnover, Trussardi, which manufactures and distributes the Trussardi and Trussardi Jeans clothing, accessories and small leather goods lines, registered a net loss of 38.76 million euros in 2019.

Luxury goods market

The global luxury goods industry seems not to know any crisis and has experienced an upward trend during the last few years. Companies active in the sector have seen their sales and revenues grow throughout the years. Sales of the Italian luxury goods industry, for example, increased on average by more than five percent between 2012 and 2016, making it one of the most successful sectors in the country.

Leading markets

Western countries are the main markets for luxury goods. In 2018, Europe was the largest market worldwide followed by the Americas. However, a more detailed analysis showed that the United States dominated the sector with a market worth approximately 71 billion euros. As in many other cases, China is catching up fast, even though it still lags far behind the U.S. in the luxury goods market.