Top 10 Luxury Fashion Brands in the world
The world of luxury fashion is prone to shift. Newer businesses (sometimes backed by celebrities) continue to enter the market, while the global leaders continue to compete for maximum space in media and wardrobes! Despite the fierce rivalry, some brands have maintained an unwavering presence in the business for decades. They sell more than simply clothes; they sell a way of life.
We’ve compiled a list of ten such luxury fashion brands that have an impact on the fashion industry’s current debate.
Gucci is a well-known Italian fashion brand recognised for its high-end clothing and leather goods. The Gen Y generation favours the brand because of its edgy, unconventional designs. Gucci’s USP, or exceptional craftsmanship, is their USP. Flip-flops, shoes, and belts are the top three Gucci goods searched for online, according to data. Gucci is one of the most valuable brands in the world, with a brand value of $ 12.7 billion.
2. Louis Vuitton
Louis Vuitton, or LV, is a French fashion house that is regarded as one of the world’s top three luxury brands. Because of their custom-made luxury goods, such as dresses, handbags, designer footwear, and leather products, the company has experienced unprecedented fame for decades.
With a profit margin of more than 30%, the words in the air claim that LV is one of the most profitable brands in the world. LV has a brand worth of roughly $39.3 billion, according to Forbes-2020. What is the USPs? Products that is unique, emerging market presence and consistent financial results.
Hermes, like LV, is a French clothing brand with a long history of association with celebrities and royalty. Hermes is one of the most expensive brands in the world, with a reputation for complex designs (like the Birkin bag and scarves). Designer clothing, fragrances, leather products, and trendy accessories are all produced by the company. The brand value of this French apparel line is estimated to be $ 10.6 billion. Two of their unique selling points are its illustrious history and superior craftsmanship.
Prada is a well-known Italian fashion brand that caters to the upper crust. They make shoes, leather purses, clothes, accessories, and perfumes, among other things. Prada’s net worth is estimated to be $ 9.5 billion, according to sources. Their primary strengths are their network of Directly Operated Stores (DoS) and considerable investment in technology across the supply chain.
Burberry is one of the world’s oldest fashion brands, having founded in the United Kingdom. Jackets, scarves, overcoats, trench coats, ready-to-wear perfumes, and sunglasses are among the brand’s most luxurious offerings. Burberry’s estimated net worth is $5.87 billion, and its USP is their acute sensitivity to the demands of customers of all generations and genders.
Versace is an Italian fashion brand with a cult following among celebrities. The brand is well-known in the fashion business as a trailblazer. The design business is known for its colourful merchandise, which includes anything from sunglasses to ready-to-wear to leather goods and accessories. Versace has a particular following base among shoppers thanks to its colourful designs and brilliant hues. The brand is valued at $ 5.8 billion, making it one of the world’s most valuable brands. Their one-of-a-kind products and celebrity endorsement help them succeed.
Fendi, like Versace, is an Italian fashion brand with a celebrity following. Fur products, designer sneakers, watches, leather products, and sunglasses are all well-known. The net worth of Fendi is estimated to be over $3.6 billion. Their USP is their high-end fur and leather products, which are difficult to create, but in recent years, ethical shoppers have expressed worry about these animal products.
Another French brand, Dior, began with women’s clothing but eventually expanded to include men’s attire. Watches, cosmetics, clothes, fragrances, leather goods, and other trend-setting products are among the items they produce. With their concentration on female consumers, they have been a feminist voice inside the luxury fashion industry in recent years.
This French luxury brand is known for its haute couture and ready-to-wear collections. The company, which is worth $7.2 billion, also makes clothes, handbags, accessories, and leather goods. Consumer loyalty and timeless comfy products are two of their USPs.
Cristóbal Balenciaga, the famed Spanish designer, launched Balenciaga in 1917. The brand, which is currently based in France, offers the appropriate mix of unusual and daring designs to appeal to millennials. Footwear, purses, apparel, and accessories are among their offerings. Balenciaga has a market capitalization of $1.1 billion and is well recognised for its haute couture!