The luxury market is an ever-expanding and growing niche. And these 10 luxurious brands are at the top of their game!
For the past few years, experts have been forecasting an annual growth rate for the luxury goods market of 5-6%! A North American company estimated the luxury market to be valued at $290 billion in 2016. Two years later, and what you’re about to see are some of the best luxurious brands of 2018!
Whilst the luxury market has been dominated by Louis Vuitton, which continues to be the most valuable luxury brand on a global scale, other names have been emerging as potential market leaders. Gucci and Prada have experienced the most significant growth. But let’s take a look at the list!
10. Coach – Brand Value: $3.2 Billion
Coach, Inc. is a luxury leather goods company from America. The company was founded in Manhattan, New York, in 1941, and it is currently run by CEO Joshua Schulman.
Coach has over 600 stores in the United States and Canada, and is currently the top 10 most valuable luxury brand in the world, with a brand value of over $3,2 billion.
Coach products usually sell in the region of $500, but the company is continuing to tap into the luxury market with higher priced items.
9. Fendi – Brand Value: $3.6 Billion
Fendi is an Italian luxury fashion house, which was founded in Rome, in 1925, by Adele Casagrande. Fendi has more than 117 stores worldwide, with headquarters in Rome, Italy. The luxury goods company, Fendi, is the ninth most valuable luxury brand in the world, with a brand value of $4,6 billion. The famous Fendi “baguette” handbags sell for approximately $2,000 to $5,000 a piece.
8. Burberry – Brand Value: $4.1 Billion
Burberry Group plc, mostly known as Burberry, is a luxury fashion house from Britain. The company was founded in 1856 by Thomas Burberry. It started up in Basingstoke and now it has headquarters in London. Burberry operates under three brands, including Burberry Prorsum, Burberry London and Burberry Brit.
Burberry is one of the top 10 most valuable luxury brands in the world, with a total brand value of over $3,2 billion. The luxury goods company operates more than 500 stores in over 50 countries worldwide. The famous Burberry coat made of peacock feathers sells for approximately $35,000.
7. Cartier – Brand Value: $6.3 Billion
Société Cartier, mostly known as Cartier, is a French designer and manufacturer of jewelry and watches. The company was founded by Louis-François Cartier in 1847, in Paris and still has its headquarters in Paris, run by CEO Stanislas de Quercize.
Cartier is the seventh most powerful luxury brand in the world, with a total brand value of $6,3 billion. The company has over 200 stores worldwide and operates in more than 125 countries. One of their finest collections, the Cartier WatchTank Anglaise, sells for approximately $32,000.
6. Chanel – Brand Value: $7 Billion
Chanel is a private French company that was founded by Coco Chanel in 1909. Today the company is owned by Alain and Gerard Wertheimer, who are the grandsons of the initial business partners. The company’s headquarters are in Paris. The brand is famous for its top luxury goods, among which is the No. 5 de Chanel trademark, their signature perfume.
Chanel is one of the most valuable luxury brands in the world, with a total brand value of $7 billion. One of the most expensive Chanel items is the “The Chanel “Diamond Forever” Classic Bag, sold at approximately $261,000.
5. Rolex – Brand Value: $7.9 Billion
Rolex SA, mostly known as Rolex, is famous for its top quality wristwatches, that are designed, manufactured, distributed and serviced by the Rolex brand itself. Rolex SA also has a subsidiary, Montres Tudor SA, and the wristwatches manufactured are distributed under the Rolex brand as well as the Tudor brand.
The Swiss watch manufacturer was founded in 1905 by Alfred Davis and Hans Wilsdorf. It started up in London and after 15 years, in 1919, the operations were moved to Switzerland. Today the headquarters of Rolex are in Geneva, Switzerland.
4. Prada – Brand Value: $9.4 Billion
Prada S.P.A., mostly known as Prada, is an Italian fashion house that was founded in 1913 by Mario Prada. The company has the headquarters in Milan, Italy, and is run by CEO Patrizio Bertelli.
Prada was also introduced at number 95 on the Brandz list of Top 100 Most Valuable Global Brands 2013. The famous Ostrich leather bags from Prada sell for approximately $10 000 a piece.
3. Gucci – Brand Value: $12.7 Billion
Gucci is the third best luxury brand in the world, with a brand value of $12,7 billion. Gucci was founded in Florence in 1921, by Guccio Gucci. Today Gucci is part of the Gucci Group and is owned by Kering, a French company mostly known as PPR. The current CEO at Gucci is Patrizio di Marco.
2. Hermès – Brand Value: $19.2 Billion
Hermès International S.A., mostly known as Hermès Paris, or just Hermès, is a French luxury manufacturer that was founded in 1837. The company is the second most valuable luxury brand in the world. The French manufacturer ranked 40 in the Brandz Top 100 Most Valuable Global Brands a few years ago.
One of Hermès signature orange bags can be bought for approximately $4,420.
1. Louis Vuitton – Brand Value: $28.4 Billion
Louis Vuitton Malletier often referred to as Louis Vuitton, or LV, is a French fashion house, that was founded by Louis Vuitton in 1984. Crowned the most valuable luxury brand in the world, Louis Vuitton has a current brand value of $28.4 billion and ranks number 10 on Forbes list of The Most Valuable Luxury Brands 2013.
One of the famous Louis Vuitton bags usually sells for over $10 000, and their Tambour Monogram watches collection sells items for prices in the region of $26, 000 to $29, 000.
Sources and photo-credits: Essentialhome