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                                                                                                                                           +12%               +17%               +6%                 -14%               +7%
                                                                                                                                           7,160 $m           7,024 $m           6,952 $m            6,897 $m           6,747 $m
                                                                                                                                           81                 82                 83                  84                 85
                                                                           n 2021, we see only one new
                                  100                                      entrant into the top-100 Best
                                                                           Global Brands, which perhaps
                                                                           represents a stabilising market
                                                                           following the disruptive effects of                             +4%                +11%               +22%                -5%                -2%
                                                                        Ithe pandemic in 2020. This brand                                   6,537 $m          6,503 $m           6,368 $m            6,313 $m           6,196 $m
                                                                         is Sephora, which enters the Best
                                                                         Global Brands report for the first                                86                 87                 88                  89                 90
                                                                         time. According to CEO of Sephora
                                                                         Martin Brok, Sephora’s success
                                  New                                    derives from the exceptional work

                                  4,628 $m                               of his 35,000 colleagues, which has
                                                                         transformed Sephora into a luxury
                                                                         ‘love mark’ for many consumers.                                   +4%                +3%                0%                  +4%                +5%
                                                                                                                                           6,087 $m
                                                                                                                                                                                                                        5,616 $m
                                                                                                                                                                                                     5,720 $m
                                                                                                                                                                                 5,832 $m
                                                                                                                                                              5,937 $m
                                                                         Sephora’s culture of disruptive
                                                                         innovation translates into success                                91                 92                 93                  94                 95
                                                                         when marketing their perfumes and
                                                                         cosmetics, and Sephora’s entrance
                                                                         means that makes LVMH Group
                                                                         becomes the first group to have five
                                                                         brands in the Best Global Brands                                  +24%               +10%               +6%                 +20%               +3%
                                                                         ranking (Sephora, Louis Vuitton,                                  5,536 $m           5,484 $m           5,428 $m            5,416 $m           5,299 $m
                                                                         Tiffany & Co., Hennessy, Dior).
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                                                                                                                                           +5%                +8%                0%                  -4%                New
                                                                                                                                           5,231 $m           5,195 $m           5,088 $m            4,726 $m           4,628 $m














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