Known as the historical home of the majority of luxury houses, Europe's market accounts for nearly $83 billion of the personal luxury goods sector, according to a report by R&S Mediobanca. The annual "Italian Fashion Sector" survey looks at Italy's key industry, with a focus on the top 15 fashion houses that call the country home.

Italy's successes in the luxury category have assisted the Italian economy during its stagnant economic situation and have propelled all of Europe to a hub for tourism-based purchasing, making the continent the number one market in the world. The analysis looks at the 143 top fashion companies based in Italy that recorded a turnover of at least Euro 100 million in 2014.

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Source: http://www.italialiving.com/