TOP 5 MOST VALUABLE LUXURY BRANDS IN THE WORLD

A marketing consulting company interbrand has released its brand ranking of top global brands of 2019.

For the consecutive year the retail and luxury are fast growing sectors having average brand value of 11% year over year. For the estimation of brands value iterbrand has analyzed the performance and services of every brand. Every brand's purchasing decision and competitive strengths are compared with other brands. The result of all the analysis has been obtained and found that the top nine luxury brands have a combined brand value of roughly about $117.784 billion.

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From all top most brands the Louis Vuitton comes out to be the most valuable luxury brand in the world with $32.223 billion brand valuation and about 14% year over year growth rate. The Gucci brand came out to be a fast growing luxury brand with the increase of 23% brand value since 2018.

• LOUIS VUITTON:

Louis Vuitton is commonly known as LV. It was established by French Louis Vuitton in 1854. Its services includes watches, jewelry, foot wear, handbags, leather goods, trunks and many more product. Louis Vuitton has come out to be most valuable luxury brand in the world because the brand provide high quality water proofs and fire proofs bags. All material are used& in manufacturing processes are of pure quality which includes canvass etc. the most popular bags of LV brands are speedy bags and the Never full tote. The brand mainly focus on great designs and high end market. Its brand valuation is $32.223 billion with 14% growth rate. This valuation makes the LV most valuable luxury brand in the world. Also it is known as 17th most valuable brand in the worldwide across all the sectors.

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• CHANEL:

Chanel brand was established in 1910 for the first time in France. Brands start popularity when the owner of brand sells hats. These hat got popularity in the queens of that time. The brand sells women’s wear and desires. Its designs are simpler and classical. Now a brand has the top three expensive brands in valuation. This brand has ranking No. 22 and considered as the most valuable luxury brand. An estimation has been made to analyze the valuation of the brand which comes out to be $22.134 billion valuation with the 11 % growth rate.

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• HERMES:

The brand was establish in Paris for very first time in 1837 by Hermes. The brand is considered as oldest of all. The brand is famous for it’s specializes leather jackets, wrist watches, perfumes, bags, and shoes. The brand has created various types of perfumes for both men and women. The brand has ranking are No. 28 in the list of all brands analysis has been carried out and come out with $17.92 billion brand valuation with 9% growing rate.

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• GUCCI:

Gucci brand was established in 1921 first time in Florence Italy. The brand is under the name of Guccio Gucci. Its products includes jewelry, wrist watches, hoods, leather jackets, bags, ready to wear for women, perfumes and other leather goods. This brand has rank No. 33 in all over the global brands .its has $15.949 billion valuation with 23% growth rate. This has made it fast growing luxury brand in the world in all sectors.

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• CARTIER: 

This brand is under the name of person Cartier. Its products includes jackets, perfumes and shoes.   This brand has drop one spot from all over the rankings. It was on No. 67 in 2018 in the worlds                 ranking order. But it has come to No.68 in 2019. Though the ranking no. drop but the growth of the company did not decline. This brand has $8.192 billion valuation with the 7% growth rate.

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