section_path: Economic sectors/Fashion and luxury goods
section_name: Fashion and luxury goods
paragraph_text: Fashion and luxury goods
  
  According to 2017 data compiled by Deloitte, Louis Vuitton Moet Hennessey (LVMH), a French brand, is the largest luxury company in the world by sales, selling more than twice the amount of its nearest competitor. Moreover, France also possesses 3 of the top 10 luxury goods companies by sales (LVMH, Kering SA, L'Oréal), more than any other country in the world.
  
  Paris is considered one of the world's foremost fashion capitals, or even "the world's fashion capital". The French tradition for haute couture has been estimated to start as early as the era of Louis XIV, the Sun King.
  
  According to 2017 data compiled by Deloitte, Louis Vuitton Moet Hennessey (LVMH), a French brand, is the largest luxury company in the world by sales, selling more than twice the amount of its nearest competitor. Moreover, France also possesses 3 of the top 10 luxury goods companies by sales (LVMH, Kering SA, L'Oréal), more than any other country in the world.
  
  Paris is considered one of the world's foremost fashion capitals, or even "the world's fashion capital". The French tradition for haute couture has been estimated to start as early as the era of Louis XIV, the Sun King.
  
  According to 2017 data compiled by Deloitte, Louis Vuitton Moet Hennessey (LVMH), a French brand, is the largest luxury company in the world by sales, selling more than twice the amount of its nearest competitor. Moreover, France also possesses 3 of the top 10 luxury goods companies by sales (LVMH, Kering SA, L'Oréal), more than any other country in the world.
  
  Paris is considered one of the world's foremost fashion capitals, or even "the world's fashion capital". The French tradition for haute couture has been estimated to start as early as the era of Louis XIV, the Sun King.