The Luxury Wedding Fashion Market
Brain and Company has estimated that the luxury fashion market of brands industry is growing at a massive rate despite the global recession. These numbers are trending up all over the industry, and the best of these fashion brands are noted in this article.
Wedding Fashion Market
Louis Vuitton has dominated the world of luxury fashion brands for decades on end, but there are many other companies that are poised to take over the top spot. Companies like Prada, Hermes and Gucci are jockeying for position in the fashion world. There is no way of predicting when one of these companies may overtake Vuitton, but the time is right for these companies.
Gucci and Prada are growing because of the Asian markets, and those luxury fashion market trends tend to grow more than those in Europe and the Americas. Companies like Vuitton are primarily a western operation, and it is wise for people to remember that Gucci and Prada are more ready to make a jump.
Vuitton has dropped in brand value 12% over the last year, and this is something that people need to think over when they are investing in Vuitton products. Vuitton products are going to last forever, but they may not be as valuable as you once thought.
The descriptions below show how these companies are doing in the global luxury fashion market.
10. Coach – Brand Value: $3.2 Billion
9. Fendi – Brand Value: $3.6 Billion
8. Burberry – Brand Value: $4.1 Billion
7. Cartier – Brand Value: $6.3 Billion
6. Chanel – Brand Value: $7 Billion
5. Rolex – Brand Value: $7.9 Billion
4. Prada – Brand Value: $9.4 Billion
3. Gucci – Brand Value: $12.7 Billion
2. Hermès – Brand Value: $19.2 Billion
1. Louis Vuitton – Brand Value: $28.4 Billion
They are losing a bit of value, but they are still going strong because they are so diverse. This is the one company that could lead us into yet another century, but Prada, Gucci and Hermes are right behind them in the luxury brands value rankings.