Top 12 Luxury Brands In The World

Imagine what it would be like to have your name associated with style, elegance, and wealth. The top 12 luxury brands in the world are all household names that became household names. They have lived past many of their founders, but still bear their names in honor of their timeless contribution to fashion and style. Consumers spend big on these brands, with the industry currently worth above 300 billion dollars. Here are the biggest winners.

Louis Vuitton

Founded in 1854 by French fashion designer Louis Vuitton in Paris, France; Louis Vuitton is the world’s most valuable luxury brand and is the flagship of global conglomerate LVMH Moët Hennessy Louis Vuitton (LVMH). In line with the founder’s vision to become a french trunkmaster at age 16, the brand continues to be best known for its bags and luggage, with travel remaining at the heart of the house.

Chanel

Founded in 1910 by Gabrielle “Coco” Chanel in Paris, France; Chanel is a privately held company owned by Alain and Gerard Wertheimer, grandsons of Pierre Wertheimer, who was an early business partner of Coco Chanel. Chanel sells high-end clothing, luxurious fragrances, handbags, watches, beauty, and skincare products. The brand is easily recognizable by its double C logo and has one of the most iconic fragrances, the Chanel No. 5.

Hermès

Thierry Hermès founded the fashion house in 1937 in Paris, France, Hermès manufactures and sells luxury fashion goods. It specializes in leather goods and saddlery (accounting for around half of revenue); clothes and accessories; silk and textiles and other products such as perfumes, watches, jewelry, and home furnishings. Hermès continues to enjoy the top desirability of its timeless classics across borders, such as the very sought-after Birkin bag which often generates long waiting lists.

Gucci              

Based in Florence, Italy, Gucci was founded in 1921 by leather craftsman Guccio Gucci. Gucci was inspired by the luggage wear he saw while working at the Savoy hotel in London, and went on to produce luxury travel goods as well as equestrian equipment. Today, Gucci sells luxury fashion apparel, top-of-the-range leather goods, as well as premium knitwear, eyewear, watches, jewelry, silk goods, shoes, handbags, beauty and skincare products. They are eponymous with their strict attention to detail.

Dior    

Christian Dior was born into a wealthy French family and surprised his family by taking to art and design rather than the diplomatic path they had envisioned for him. He founded his fashion house in Paris in 1946, backed by Marcel Boussac, a French businessman. Dior was renowned for his mastery of full feminine shapes and silhouettes. Today LVMH owns 70% of Dior stock. Today the brand is spearheaded by Maria Grazia Chiuri, its first female creative director.

Rolex  

Founded in Britain and based in Geneva, Switzerland, Rolex is one of the most valuable watchmakers on the planet. Hans Wilsdorf moved the company from England to Switzerland in 1915 to escape heavy post-war taxes. Each Rolex watch has a unique serial number that can be used to trace its production date. The company sponsors several celebrities, sports teams, and events.

Cartier

Cartier is a French luxury goods conglomerate that designs, manufactures, distributes, and sells jewelry and watches. Founded by Louis-François Cartier in Paris in 1847, the company remained under family control until 1964. Cartier has divested into the watch business, but jewelry is still key to their identity and has been listed by Forbes as one of the most influential brands in fashion.

Yves Saint Laurent

The fashion house was founded in 1961 by the eccentric Yves Henri Donat Mathieu-Saint Laurent in Paris, France. Saint Laurent became the creative director of Cristian Dior at age 21, after the death of its founder in 1957. He is known for pioneering women wearing trousers in public. Today, YSL is still known for its revolutionary looks and ideas, and its fusion of clothing and art.

Prada 

Known as the label that the Devil wears, the Italian luxury fashion house is one of the biggest names in the industry, founded in 1913 by Mario Prada. Specializing in leather handbags, travel accessories, shoes, ready-to-wear, perfumes, and other fashion accessories, the brand has managed to stand the test of time. Prada is known for its sophisticated, minimalistic style, which fits well in office settings.

Burberry

Thomas Burberry originally designed his clothing to protect people from the cold harsh British weather, sourcing hard-wearing fabrics that revolutionized weatherproof clothing, starting in 1856. The house has since moved into the high fashion market, developing gabardine, and products made exclusively for the brand. Today, Burberry is popular for its outerwear, signature plaids, and prints.

Tiffany

Tiffany is a luxurious jewelry company, which was founded by jeweler Charles Lewis Tiffany in 1837. Its rise to prominence began when it became the first American company to win a craftsmanship prize at the Paris World’s fair in 1867. With its acquisition by LVMH completed in January 2021, the luxury jewelry brand is expected to grow even more. Today, it is seeking to find new forms of retailing, with select stores having high-end cafes within them.

Conclusion

Luxury goods are associated with high social status and a sense of self-accomplishment among buyers. With the rise of online retail, they have become even more accessible. As developing countries provide luxury houses with a new and hungry customer base, we can only expect the brands to grow even more this decade.

Spread the love