Here is the second part of the most valuable luxury brands in 2019. These noteworthy companies largely influence the world of fashion and commerce.
This is yet another familiar name when you talk about luxury jewelry pieces. These pieces also retain their monetary value over time. Other pieces, particularly signed ones, can even appreciate in value. Normal jewelry pieces will surely retain their value for as long as they are kept in good condition. They pride themselves on products that are crafted with elegance and excellence. Their product range includes luxury watches, jewelry, as well as leather goods. As of today, it is valued at $8.19 billion with a seven percent growth rate.
Gucci is a luxury fashion brand that caters to everyone’s luxurious needs in fashion. The company was founded in 1921 in Florence, Tuscany. Gucci then branched out to the rest of the world to become the powerhouse that they are today. They started out as a supplier of leather goods and other high-end fashion items. They have a wide range of products, from footwear to clothes to bags. This is actually declared as the fastest growing luxury retailer because it just experienced a twenty-three-percent jump from the previous year. It is now valued at about fifteen billion dollars with countless stores all over the globe.
This is the third most valuable luxury brand on this list. It is currently valued at almost eighteen billion dollars. Their most famous products are their bags and handbags which are notably expensive. They are also rated to have a nine percent growth. One of their most famous products is their Birkin bags. Birkin bags are very expensive and they are often sought after by bag collectors and enthusiasts. One bag can cost around ten thousand dollars and up to three hundred thousand dollars. The price is highly influenced by factors like quality of leather, the presence of exotic skins, and many more. Each bag also takes about forty-eight hours to finish. It is named after Jane Birkin, the CEO of the company in 1981.
This company is currently valued at around twenty-two billion and a hundred and thirty-four million dollars. It is a French company that is owned by Alain and Gerard Wertheimer. Modern fans also refer to this brand as Coco. The company has a wide range of luxury fashion goods, from bags to cosmetics.
Louis Vuitton is another beloved name in the world of luxury fashion and it is the most expensive and valuable company in this list. It is actually valued at $32.22 billion as of today and it is expected to face an annual growth rate of fourteen percent. The reason why it is so successful is because their products reflect the balance between traditional and modern fashion trends. Their bags are also of the best quality there is. It started last 1854 and it is still a roaring success up to this date.