Champions of luxury 2016: LVMH, Richemont, Estée Lauder lead

Deloitte's annual Global Powers of Luxury Goods ranking sees the parent companies behind Louis Vuitton, Cartier and Estée Lauder retain their places at the top of the list.

French-based LVMH, full name LVMH Louis Vuitton Moët Hennessy SE, also owns Bulgari, Emilio Pucci, Donna Karan, Marc Jacobs, TAG Heuer and Benefit Cosmetics.

Based on figures from 2014, it's also the world's biggest luxury conglomorate.

Swiss company Richemont (Cartier, Lancel, Montblanc, Piaget) comes in second, with the US's Estée Lauder group (MAC, Clinique, Jo Malone) in third.

The top three retain their places from 2015's equivalent Global Powers of Luxury Goods report.

Italy's Luxottica manufactures eyewear under the its own Ray-Ban, Persol and Oakley brands as well as for Chanel, Armani, Versace, Prada and more, and moved up one place to fourth.

Also moving up one were Switzerland's Swatch (Breguet, Longines, Omega) and France's Kering (Gucci, Saint Laurent, Balenciaga), with Hong Kong jewelry group Chow Tai Fook moving from fourth to seventh.

L'Oreal Luxe (Lancôme, Biotherm, Kiehl's), Ralph Lauren, and PVH (Calvin Klein, Tommy Hilfiger) completed Deloitte's top ten, out June 7, 2016.