Luxury Brands

The top luxurious brands keep growing hard in 2018. Together, they sold for more than USD 200 billion. We made an overview:

LVMH: LVMH, which stands for Louis Vuitton Moët Hennessy, is a multinational luxury goods company headquartered in Paris, France. The Louis Vuitton fashion house was founded in 1854. With over 70 famous brands under its umbrella such as Louis Vuitton, Dior, Fendi, Givenchy, Bvlgari, Tag Heuer and Dom Perignon to name a few; LVMH is the leading producer of high-end fashion and leather goods, champagne and wine, perfumes and cosmetics. The company LVMH was founded in 1987 after the merger between two established French companies: Louis Vuitton and Moët Hennessy. Since then, it has grown rapidly both organically and through acquisitions to become one of the most powerful fashion houses in the world with revenues exceeding €44 billion in 2020. LVMH’s success can be attributed not only to its exclusive product offering but also to its commitment to sustainability through initiatives like their “Life 360” program which focuses on reducing carbon footprint across production processes. Overall, LVMH is a highly reputable brand known for excellence and innovation; making it a sought-after luxury label worldwide.

Kering: Kering is a French luxury group created in 1963. It focuses on retailing and distributing high-end fashion brands. It has worked to set itself apart from competitors in the industry by prioritizing sustainability across all aspects of its operations. Some of the popular brands under Kering include Gucci, Saint Laurent, Bottega Veneta, and Balenciaga, among others. The company has invested over $500 million in developing sustainable practices during the last six years as part of their commitment to reduce their environmental impact. In recent years, Kering has received recognition for taking these proactive measures towards sustainability, which makes them stand out as an industry leader. By doing so, they not only attract customers who are environmentally conscious but also show other companies that it’s possible to run high-end businesses sustainably without compromising on quality or profitability.

The Estée Lauder: Estée Lauder is a high-end cosmetics brand that has been around since 1946. It was founded by the iconic businesswoman Estée Lauder, who started her career in cosmetics by selling her own homemade products. Today, Estée Lauder is known for its extensive range of luxury skincare, makeup, and fragrances that cater to women of all ages and skin types. The brand’s philosophy revolves around offering products of supreme quality that are backed by decades of research and innovation. In addition to their exceptional product line, Estée Lauder also focuses on supporting various humanitarian causes such as Breast Cancer Awareness or environmental sustainability through partnerships with several non-profit organizations. Overall, the name “Estée Lauder” has become synonymous with exceptional quality and modern elegance in the beauty industry. The Company’s products are sold under brand names including Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M•A•C, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Jo Malone London, Bumble and bumble.

Richemont: Richemont is a global luxury group that specializes in the design, manufacturing and distribution of luxury goods such as jewelry, watches, fashion accessories, and leather goods. The company was founded in 1988 by South African businessman Johann Rupert and is headquartered in Geneva, Switzerland. The brand boasts of an impressive portfolio of luxury brands including Cartier, Van Cleef & Arpels, Piaget, IWC, Roger dubuis, Montblanc, Chloé and Alfred Dunhill among others. Richemont is renowned for its craftsmanship and high-quality products that cater to a niche clientele across the world. It has a strong presence across Europe, Asia-Pacific and North America with over 30 countries hosting retail stores operated directly by the company or through joint ventures with local partners. Despite facing tough competition from other established players in the market, Richemont continues to be one of the most influential players in the luxury industry today.

Chanel: Chanel is a legendary fashion brand that was established in 1910 by the French fashion designer Coco Chanel. The brand is renowned for its timeless elegance and originality, commitment to quality, and attention to detail. It has had an immeasurable impact on the fashion industry and continues to exert its influence today. Chanel has an iconic line of products like fragrances, haute couture clothing, jewelry, sunglasses, handbags, shoes, and beauty care items. Among these products are some of the most famous and classic items in luxury fashion history. The company’s trademark double C logo is recognized worldwide as a symbol of high-end luxury goods. Today Chanel remains one of the most respected names in fashion around the globe with boutiques all over the world catering to the needs of affluent clients seeking classic sophistication in their attire offerings. Chanel No.5 has been a top-selling perfume for many years.

Hermès: Hermes is a French luxury fashion and lifestyle brand founded in 1837 by Thierry Hermes. The company specializes in leather goods, clothing, perfumes, accessories, and home furnishings. Throughout its history, the brand has been synonymous with elegance, sophistication, and impeccable craftsmanship. Hermes is particularly known for its handbags – such as the iconic Birkin and Kelly bags – which are painstakingly crafted from the finest materials by skilled artisans. Each piece is created with a rigorous attention to detail that results in timeless designs that transcend fashion trends. With over 300 stores worldwide, Hermes has become a symbol of luxury for discerning individuals around the globe who appreciate high-quality products made with care and expertise. The group employs 14284 people.

Michael Kors: Belongs to Capri Holdings, a global luxury group who also owns Versace and Jimmy Choo. Michael Kors is a leading American fashion brand founded in 1981 by its namesake designer. The company’s mission is to create luxurious, upscale clothing and accessories for men and women that exude modern, versatile sophistication. Known for its chic yet practical designs, Michael Kors has expanded significantly since its inception to include a range of products such as handbags, watches, perfumes, eyewear, and footwear. Their products are designed with the highest attention to detail and quality materials and are adored by celebrities worldwide making it a popular celebrity brand. The company maintains strict ethical standards in manufacturing their products through initiatives like sustainable sourcing of raw materials and engaging in charitable endeavors that give back to communities around the world. Overall, Michael Kors remains one of America’s most successful fashion brands known for producing high-quality designer wear accessible to people at different socio-economic levels while maintaining their identity throughout different product types.

Prada: Prada is an Italian luxury fashion house founded in 1913 by Mario Prada. The brand who also owns Miu Miu is known for its high-end leather goods such as handbags, shoes and accessories, has evolved into a popular global icon with over 620 stores across the world. Its innovative trend-setting designs have garnered a loyal following among celebrities and well-heeled clientele alike. From clean sleek lines to bold colorful patterns, Prada sets itself apart with its innovative use of unconventional styles and materials. With Miuccia Prada at the helm since 1978, the brand has grown beyond fashion to include fragrances, eyewear, and cosmetics. In addition to its commitment to design innovation, Prada champions sustainability initiatives that minimize environmental impact through sustainable manufacturing practices and sourcing eco-friendly materials. Overall, Prada continues to be recognized as one of the most successful fashion brands globally for its distinctive creativity and timeless elegance. Ostrich leather bags from Prada sell for approximately $10 000 a piece.

Other big luxury houses are Luxottica Group who makes Ray-Ban and Oakley glasses. L’Oreal Luxe, who is also the maker of Lancôme and Biotherm. Ralph Lauren: founded in 1967 with headquarters in New York. PVH Corporation (De Phillips-Van Heusen) who owns Calvin Klein, Tommy Hilfiger and Speedo. Coach from the USA who owns Kate Spade. Burberry Group plc from London. Giorgio Armani (+ Emporio Armani): the famous designer from Italy.