The luxury market is an ever-expanding and growing niche. And these 10 best 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 $1.2 trillion in 2018. A year later, and what you’re about to see are some of the best luxurious brands of 2019!
Whilst the luxury market has been dominated by Gucci and Chanel, which continues to be the most valuable luxury brands on a global scale, other names have been emerging as potential market leaders. Let’s take a look at the list to find out more!
10. Yves Saint Laurent – Brand Value: $3.6 Billion
Photo © Yves Saint Laurent
Yves Henri Donat Mathieu-Saint-Laurent, professionally known as Yves Saint-Laurent, was a French fashion designer who, in 1961, founded his eponymous fashion label. He is regarded as being among the foremost fashion designers in the twentieth century.
9. Dior – Brand Value: $4.7 Billion
Photo © Dior
Christian Dior SE, commonly known as Dior, is the number one French luxury goods company controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world’s largest luxury group. Dior itself holds 42.36% shares of and 59.01% voting rights within LVMH.
8. Burberry – Brand Value: $5 Billion
Photo © Burberry
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 best luxurious brands in the world, with a total brand value of over $5 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. Chanel – Brand Value: $9 Billion
Photo © Chanel
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 best luxurious 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.
6. Rolex – Brand Value: $9.1 Billion
Photo © Rolex
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 bespoke 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.
5. Cartier – Brand Value: $10.7 Billion
Photo © Cartier
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.
4.ZARA – Brand Value: $13.5 Billion
Photo © Zara
Zara SA is a Spanish apparel retailer based in Arteixo in Galicia. The company specializes in fast fashion, and products include clothing, accessories, shoes, swimwear, beauty, and perfumes. It is the largest company in the Inditex group, the world’s largest apparel retailer.
Zara’s net worth is valued at $13.5 billion, showcasing the power and importance of this fashion brand to the luxury market.
3. Hermès – Brand Value: $18.1 Billion
Photo © Hermès
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 third 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.
Fun fact! In 2011, Hermès set a world record, when one of their famous bags, the Hermès Birkin Bag, was sold at an auction for an astonishing price of $203,150 and became the most expensive purse to be sold at an auction.
2. Gucci – Brand Value: $18.6 Billion
Photo © Gucci
Gucci is the second best luxury brand in the world, with a brand value of $18,6 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 Marco Bizzarri.
1. Louis Vuitton – Brand Value: $39.3 Billion
Photo © Louis Vuitton
Louis Vuitton Malletier often referred to as Louis Vuitton, or LV, is a French fashion house, that was founded by Louis Vuitton in 1854. Crowned the most valuable luxury brand in the world, Louis Vuitton has a current brand value of $39.3 billion and ranks number 12 on Forbes list of The Most Valuable Luxury Brands 2019.
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.