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- 1 The luxury goods industry had a good year in the global market, anticipated to grow from $284 Billion in 2023 to $390 Billion by the end of 2030.
- 2 The Australian luxury goods industry amounting to $7.04 Billion in 2023 just boomed the financial positioning of Australia.
Luxury brands offer everything which includes exclusive personal items that convey the status and taste of the owners. From clothing to vehicles, cosmetics to accessories, everything that ups your status is a luxury good. If you are wishing to invest in Australian luxury stocks, you are in the right place.
Here are some of the most prestigious and iconic brands in the Australian luxury brand ranking you can invest in in October 2023.
Lendlease Group (AXC: LLC)
Lendlease Group, a property and infrastructure development company offers luxury properties to make your dreams more realistic. The company was introduced in 1958 and is heavily engaged in designing and developing luxurious properties and architects. LLC’s stock price is AUD7.04 with a market cap of AUD4.874 Billion. The stock is a good buy as per the professional’s ratings and is expected to offer high profits in the near future.
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure Limited is all set to make your life more luxurious and elite with gaming and casinos. Founded in 1953, the firm generates an annual revenue of around AUD5.574 Billion with a net income of AUD984.5 Million. ALL stock price is AUD41.56 with a market cap of AUD26.316 Billion. The stock is good to buy as per an aggregate view of professional ratings.
The Lottery Corporation Limited (ASX: TLC)
Another popular name on the list is The Lottery Corporation Limited, a company heavily engaged in the operations of lotteries to offer a luxurious life to individuals. The company is performing well in the entertainment sector, generating an annual revenue of around AUD 3.498 Billion At the time of writing, TLC stock price is AUD 4.72, a hike of 0.64% in the past 24 hours with a market cap of AUD10.394 Billion. The stock is a buy as per professional ratings.
Charter Hall Group (ASX: CHC)
Charter Hall Group, a real estate business is all set to build your dream home with its outstanding performance. Founded in 1991, the company is heavily engaged in offering retail, Industrial, and office properties. With an annual revenue of AUD870.2 Million, CHC’s stock price is AUD 9.54 with a market cap of AUD 4.574 Billion. CHC is a good stock to buy as per an aggregate view of professional ratings.
Treasury Wine Estate Limited (ASX: TWE)
Treasury Wine Estate Limited is another popular name in some of the luxury brands in the Australian market. The company is engaged in offering premium wines in different segments of the world, generating an annual revenue of AUD 2.488 Billion. TWE’s stock price is AUD12.06 with a market cap of AUD 8.698 Billion. If you are looking for long-term profit, the stock is a good option to look at in October 2023.
Conclusion
The value of luxury brands is booming in the Australian market. Treasury Wine Estate Limited, Aristocrat Leisure Limited, Charter Hall Group, Lendlease Group, and The Lottery Corporation Limited are some top stocks to pick.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
