It’s arguably a given that European capitals take the lead when it comes to luxury fashion brands around the world and we can’t just help but applaud them for that. It’s not possible to also dwell in the oblivion that there is healthy competition from the most contemporary society of the 21st century in New York, where this is the world power. Perhaps the competition from America is keeping their rival continent up their sleeves in championing major fashion feats across Rome, Paris, and Spain. Just like 2018 where many fashion brands rose to peak heights and the various grand fashion weeks held in various climes across the world testified to all of that, 2019 is here also with its own share of the list of luxury brands who topped the fashion charts and dominated their peers in net worth, relevance and impact.
Here are the most expensive designer brands of 2019
The Highest Valued Designer Brands
1. Louis Vuitton ($28.4 Billion)
This brand took the lead in 2018 and thought it wise to indulge in a back-to-back lead in 2019 which actually happened and here it is – the leading and most expensive designer brand in the world. Louis Vuitton is a fashion luxury house and luxury Retail Company founded in 1854 by Louis Vuitton. It’s a foremost designer brand across the world with retail outlets littered virtually in almost every city where people are clad in clothes. To be more specific, the brand operates in 50 countries under the sun with more than 460 stores globally. From jewelry, sunglasses, watches, footwear, leather goods, and even books, the LV brand is known for blazing the trail in designers. The brand has held that unrivaled spot as the most expensive brand in the world for six consecutive years (2006-2012). The French-based company is headquartered in the French capital Paris where it was founded. The ever glaring presence in the Paris Fashion Week is an attention courting spectacle. The popularity of the brand has seen the rise of its counterfeited products trend in Europe, having the LV monogram emblazoned on any product sure spells out class. The brand is valued at $28.4 Billion.
2. Hermes ($19.2 Billion)
The French came second and it’s no longer news that they dominated the world’s list of the most expensive luxury brands. Hermes is a French-based luxury goods and Fashion Company founded in 1837 in Paris, France where it is headquartered. They take their specialty in the luxury aspects of goods like leather, watches, lifestyle accessories, jewelry, perfumery, home furniture and ready-to-wear. As of 2008, the company has diversified into 14 products including footwear, enamelware, scarves, decorative arts, and a few others. It was founded by Frenchman Thierry Hermes but the company is today owned by the Hermes Family with Axel Dumas as the CEO. The company covers virtually every continent in the world. The Hermes group also owns Saint-Louis – the oldest crystal company in the world.
3. Gucci ($12.7 Billion)
The Italians are another healthy force to reckon with in the fashion industry and to buttress that, they came in third with Gucci – a foremost designer brand in the world. The Italian luxury fashion and leather goods company was founded in 1921 by Guccio Gucci in Florence, Tuscany. The brand is the highest-selling brand in Italy. The Gucci brand operates in about 278 stores globally as at September 2009 and that number should have increased by the time you are done reading this, not literary though. Gucci takes interest in the manufacturing of high-end leather goods, luxury clothing and a variety of fashion products. The Italian brand operates in stores halfway around the world and is valued at $12.7 billion.
4. Prada ($9.4Billion)
The Italians represented again at number four further driving home the fact that indeed they are a viable option if you are bored with the French fries and fashion. Prada is an Italian fashion house, the deluxe kind, established in in 1913 by Italian Mario Prada. The brand is focused on travel accessories, clothing, watches, wines, spirits, cosmetics, perfumes, shoes, ready-to-wear, handbags and a host of other fashion accessories. The company is headquartered in Milan, Italy with over 618 boutiques globally. The company also has a global workforce of 12, 414. The brand became so prodigious in 1999 that it had to be featured in a film titled “10 things I hate about you”.
5. Rolex ($7.9 Billion)
The Swiss hold that’s an undisputed monopoly for making the best watches you can ever find in anyone’s wrist and Rolex is the name raising that Swiss flag higher. Rolex was founded in 1905 in London, the United Kingdom by Hans Wilsdorf and Alfred Davis. Rolex is a Swiss Luxury watch manufacturing company based in Geneva, Switzerland its headquarters although originally founded in London. The Rolex watches are about the most expensive watches in the world holding the title of the most expensive watch ever sold in an auction which raked in a whopping $17.75. In the fashion world, whenever watches are mentioned, Rolex comes to mind especially if it’s designers.
6. Chanel ($7 Billion)
So the French came back on this one with Chanel. Chanel was founded 110 years ago in 1909 by Coco Chanel a fashion designer. Today the company is chaired by grandsons of Pierre Wertheimer: Alan Wertheimer and Gerard Wertheimer. Their grandfather was a business partner of the Couturiere Coco Chanel in the nascent stages of the business. Chanel is a fashion house that specializes in haute couture luxury goods, fashion accessories and ready-to-wear. The Chanel brand has 310 branches worldwide with over 20, 000 employees.
7. Cartier ($6.3 Billion)
Cartier is yet from the French fashion empire. Founded in 1847 by Louis-Francois Cartier in Paris, this French Luxury goods empire specializes in the designs, manufacturing, distribution, and sales of jewelry and watches. The company is headquartered in Paris and operates in more than 200 stores in 215 countries around the globe. They have three temples in London, Paris and New York. Cartier is often revered as one of the most successful jewelry manufacturing company in the world. They run a partnership with Swiss-owned Richemont group