ELIO E
In 2019, Swiss companies that make expensive goods showed how good theyare by having the best net profit margin compared to their competitorsaround the world. This amazing success gave them a strong base as they startedout on a difficult journey in 2020. Swiss companies continued to shine in manydifferent areas, but especially in the gold and watch industries. According to therespected Deloitte Global Powers of Luxury Goods Top 100 list for this year,they made up an amazing 32% of all companies in this field.The Swiss were reallynoticeable in the world of expensive goods. With two companies in the top tenand a total of ten companies making a name for themselves, Switzerland wasresponsible for 13.2% of the total sales of luxury goods by the top 100 companies.Compared to the previous year, this was a big jump, which shows that Swisscompanies continue to grow and gain power. But it’s important to note that theSwatch Group was a significant exception to this upward trend. They had a 3%drop in growth, so they fell from 8th to 10th place in this year’s list.Even thoughthis was a small loss, the Swiss luxury jeweller Richard Mille came out on top,racing to the top of the list of the 20 fastest-growing companies. With a growthrate of 200%, Richard Mille’s story of success captured the luxury goods businessaround the world.
