The expensive luxury fashion market is an ever-expanding niche and competition rises among the best luxury item brands. We have mentioned some of the most luxury and expensive fashion brands.
Founded by Giorgio Armani and Sergio Galeotti in 1975, Giorgio Armani flourished as the greatest Moguls of the fashion industry. The Italian brand received more recognition after Richard Gere wore his piece in the 1980 movie, Gigolo. Armani has extended to 200 stores across the globe with a total value of more than $3.5 billion.
The Italian luxury fashion brand, Fendi was founded in Rome by Adele Casagrande Fendi in 1925. Fendi has 117 stores around the globe with a brand value of $4.6 billion.
Burberry is a British luxury fashion brand founded in 1856 by Thomas Burberry. Burberry operates under three brands including Burberry Prorsum, Burberry London and Burberry Brit. The brand value of this fashion house is estimated at $4.1 billion.
The Italian brand, Versace was founded by Gianni Versace in 1978. Versace launched two other labels called Versus and Instante and built an empire worth $800 million in less than decade. The brand value of Versace in today’s market is estimated to be $5.8 billion.
Chanel is a private French company founded by Coco Chanel in 1909. Chanel is one of the most valuable luxury brands with brand value of $7 billion. One of the most expensive Chanel item is a classic bag named “Diamond Forever” sold at approximately $261,000.
The Italian fashion brand, Prada was founded in 1913 by Mario Prada. Prada was introduced on the top 100 most valuable global brands in 2013. Prada has an estimated value of $9.4 billion in today’s market.
Gucci was founded in Italy in 1921 by Guccio Gucci. Today, Gucci is owned by a French company named Kering, mostly known as PPr. It is one of the best luxury brands in the world with a value of $12.7 billion.
The French luxury goods manufacturer, Hermes was founded in 1837 by Thierry Hermes. It was ranked 40 in the top 100 most valuable global brands few years ago. Sharing lots of ups and downs in business, Hermes has come a long way creating the multi-billion dollar company with brand value of $19.2 billion with $5 billion revenue.
The French brand, Louis Vuitton was founded in 1854 by the man himself, Louis Vuitton. This luxury brand was named the world’s most valuable luxury brands for 3 consecutive years. The company operates in 50 countries with more than 460 stores worldwide. The brand is valued $28.4 billion with the revenue of $9.4 billion.
Dior was founded in 1946 by Christian Dior in France and is controlled by French businessman, Bernard Arnault. The company started as a premium brand designing haute-couture for women. The brand is now estimated to have a value of $49 billion in revenue.