The world of Fashion is beyond one’s imagination! And when it comes down to the topmost luxury fashion brands in the world, European capitals win the competition with ease. New York may be the fashion hub, but almost every brand you see in the fashion stores, they all have their origins in the famous European countries. Italy, Rome, Spain or Paris, they are home to some of the world’s most expensive brands. So, here is a list of the world’s most expensive luxury brands that topped the market with their net worth, market impact and relevance.
LOUIS VUITTON – $28.4 BILLION
With a net worth $28.4 billion, Louis Vuitton leads the list of the world’s most expensive fashion brand. The brand has more than 4915 stores spread across 50 countries in the world. Right from jewelry, watches, footwear, sunglasses, leather belts and even books. This French brand has its capital in Paris, where it was established in 1854. The popularity of the brand has increased over the several years which has also caused the rise in the trend of its counterfeited products. The brand has had many famous celebrities and models as their ambassadors including Emma Stone, Alicia Vikander, Lea Seydoux, and more.
HERMES – $19.2 BILLION
Another French fashion brand, Hermes has long dominated the fashion world with its expensive range of watches, leather products, accessories, perfumes, jewelry, home furniture, ready-to-wear attires, footwear, scarves, enamelware and also decorative arts. The company has stores and outlets in almost every continent in the world. The brand was established in 1837 in the beautiful city of Paris by Thierry Hermes and is currently owned by none other than the heir of the fashion brand, Axel Dumas. The brand has around 340 stores across Latin America, China and Middle East.
GUCCI – $12.7 BILLION
Known for its superior designs and luxury products, Gucci is one of the most popular fashion luxury brands in the world. The Italian brand was founded in 1921 in Tuscany, by Guccio Gucci. Well, no wonder, it is the highest selling brand in Italy. They have more than 487 stores across the globe and a net worth of more than $12.7 billion.
PRADA – $9.4 BILLION
Italy is undoubtedly, the home of world fashion! With most of the brands in the world established in Italy, it is also the very place where the luxury brand, Prada was born. The famous fashion house was established in 1913 by Mario Prada. The brand is known for its exclusive collection of watches, clothing, accessories, cosmetics, shoes, perfumes, handbags, ready to-wear clothes, wines and also spirits. With its headquarters in Milan, the brand has 634 stores across the world.
ROLEX – $7.9 BILLION
This Swiss fashion brand holds an undisputed monopoly in making the world’s best wrist watches. The brand was established in 1905 in London by Alfred Davis and Hans Wilsdorf. They manufacture the world’s most expensive watches, with the most expensive watch costing around $17.8 million.
CHANEL – $7 BILLION
A French brand, Chanel was established in 1909 by a beautiful fashion designer, Coco Chanel. The brand has more than 310 stores across the world and focuses on manufacturing high end fashion and luxury products such as accessories, ready-to wear clothes, handbags, and more. The popularity of the brand has risen in the past couple of years and has a net worth of $7 billion.