The luxury market has been growing considerably over the past number of years ANd remains continued on an upward trend. Experts forecast AN annual rate for the posh merchandise market of 5-6% between 2013 and 2015. The Brain & Company estimated the luxury market to be valued at $274 billion, with the potential to reach an astonishing value of $290 value by 2015.
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 older the foremost vital growth. With nice growth and potential, brands like Prada, Gucci, and Hermes may one day overtake the market. and reach the number one spot.
It is believed that Prada and Gucci older such high growth in complete worth because of a rise in Asian customers, at home and abroad. Gucci is principally operational in North America and Western Europe, whilst Prada has been proactively expanding and opening stores worldwide.
However, each brand place efforts to faucet into the Asian market and far of its growth was because of the success of these efforts.
On the opposite hand, in the past year, Louis Vuitton dropped its brand value by 12%, but it still maintains a top 30 position in the world’s most valuable global brands. Some consultants square measure questioning the potential of growth for prizefighter Vuitton, even though it remains the most powerful luxury brand on the market.
This growth in the luxury market has led experts to believe that luxury goods commerce is immune to economic fluctuations, as it has been growing sharply, in spite of the recession.
Read on to search out out the highest ten World’s Most Powerful Luxury Brands.
Each complete can embody details regarding country of origin, founder and date it’s been based, in addition as details regarding the complete worth, position within the international market and product prices. Read on to also find some astonishing facts about the highest priced bags in the world.
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. The coach is currently run by CEO Lewis Frankfort.
As of 2013, Coach has over 600 stores within u. s. and North American country, and is presently the highest ten most dear luxury complete within the world, with a complete value of over $3,2 billion.
Coach currently collaborated with Billy Reid to produce one of the most expensive bags in the world, priced at approximately $20 000. Other 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, that was supported in Rome, in 1925, by Adele Casagrande. Fendi has quite 117 stores worldwide, with headquarters in Rome, Italy.
The luxury merchandise company, Fendi, is that the ninth most dear luxury complete within 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.A
8 BURBERRY – BRAND VALUE: $4,1 BILLION
Burberry cluster plc, largely referred to as waterproof, is a luxury fashion house from Britain. The company was supported in 1856 by Thomas waterproof. It started up in Basingstoke and now it has headquarters in London. Burberry operates below 3 brands, together with waterproof Prorsum, Burberry London and Burberry Brit.
Burberry is one in every of the highest ten most dear luxury brands within the world, with a complete worth of over $3,2 billion. The luxury merchandise company operates quite five hundred stores in over fifty countries worldwide. The famous Burberry coat made of peacock feathers sells for approximately $35,000.A
7 CARTIER – BRAND VALUE: $6,3 BILLION
Société navigator largely referred to as navigator, maybe a French designer and manufacturer of jewelry and watches. The company was supported by Louis-François navigator in 1847, in Paris and still has its headquarters in Paris, run by CEO Stanislas de Quercize
Cartier is that the seventh most powerful luxury complete within the world, with a complete worth 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.A
6 CHANEL – BRAND VALUE: $7 BILLION
Chanel is a private French company that was founded by Coco Chanel in 1909. Today the corporate is closely-held by Alain and Gerard Wertheimer, UN agency area unit the grandsons of the initial business partners. The company’s headquarters are in Paris. The complete is legendary for its high luxury merchandise, among that is that the No. 5 de Chanel trademark, their signature perfume. Maryline Monroe was one of the most famous celebrities representing Chanel No. 5.
Chanel is one of the most valuable luxury brands in the world, with a total brand value of $7 billion. One of the foremost high-ticket Chanel things is that the “The Chanel “Diamond Forever” Classic Bag, sold at approximately $261,000.
5 ROLEX – BRAND VALUE: $7,9 BILLION
Rolex SA largely referred to as Rolex, is legendary for its high-quality wristwatches, that area unit designed, factory-made, 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 supported in 1905 by Alfred the Great 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 area unit in Geneva, Svizzera.
Rolex is the top five most valuable brand in the world, with a total brand value of $7,9 billion. A Rolex watch from the Pearlmaster collection sells for approximately $53,000.A
4 PRADA – BRAND VALUE: $9,4 BILLION
Prada S.P.A., largely referred to 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 is the fourth most valuable luxury brand in the world, with a brand value of $9,4 billion. The complete fully fledged a pointy rise since 2012, increasing in value by 63%, from $5,7 billion to $9,4 billion.
Prada was additionally introduced at range ninety-five on the Brandz list of high one hundred most dear international Brands 2013. The famous Ostrich leather bags from Prada sell for approximately $10 000 a piece.A
3 GUCCI – BRAND VALUE: $12,7 BILLION
Gucci is the third most valuable luxury brand in the world, with a brand value of $12,7 billion. Gucci was supported in Florence in 1921, by Guccio Gucci. Today Gucci is a component of the Gucci cluster and is closely-held by Kering, a French company mostly known as PPR. The current corporate executive at Gucci is Patrizio di Marco.
Gucci has old a big growth since 2012, as it increased its brand value by 48%, from $8,6 billion to $12,7 billion. Gucci was additionally introduced as range sixty-eight within the high one hundred most dear international Brands 2013.
The renowned crocodilian handbag from Gucci sells for about $35,000.
2 HERMÈS – BRAND VALUE: $19,2 BILLION
Hermès International S.A., principally called Hermes Paris, or simply Hermes, maybe a French luxury manufacturer that was based in 1837. The company is the second most dear luxury complete within the world. The French manufacturer hierarchal forty within the Brandz high one hundred most dear international Brands 2013.
One of the Hermès signature orange bags can be bought for approximately $4,420. 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.
1 LOUIS VUITTON – BRAND VALUE: $28.4 BILLION
Louis Vuitton Malletier, usually named as gladiator Vuitton, or LV, could be a French fashion house, that was based by gladiator Vuitton in 1984. Crowned the foremost valuable luxury complete within 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.
In spite of dominating the posh market, gladiator Vuitton has knowledgeable a loss in the complete price of twelve-tone music since 2012.
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.
The list with the top 10 of the world’s most powerful luxury brands reveals the significant lead of Louis Vuitton, the growth of well-known brands such as Gucci and Prada and the enlargement of Coach, particularly thanks to their collaboration with Billy Thomas Reid for a high luxury item.
Another fascinating reality to notice is that five out of the highest ten most powerful luxury brands within the world square measure from France, and 2 from Italy. Only 3 other countries have an area within the high ten most powerful luxury brands, like America, Svizzera, and European nations.