The luxury fashion market continues to grow and grow. But which are the biggest names at the very top of the tree? We take a look at the top 5 luxury clothing brands of 2018.
The fashion industry is enormous. The luxury fashion sector alone was worth around 250 billion Euros in 2016. In such a large ocean, there are some pretty big sharks.
Whether you’re interested in fashion itself or are looking to invest in the industry, you’ll need to know who the biggest players in the luxury fashion market are. Below you’ll find a little about the world’s largest luxury clothing brands.
1. Louis Vuitton
Louis Vuitton is a French fashion house, created in 1984 by Louis Vuitton himself. The company is currently worth $28.4 billion dollars and was named one of the most valuable luxury brands by Forbes in 2013.
The company specializes in trunks, handbags, belts, and other leather goods, but has offerings across the entire fashion spectrum. Their cheapest handbags go for no less than $1,000 dollars.
2. Hermes
Hermes is another French luxury brand, but it was founded all the way back in 1837, making it one of the oldest fashion houses in the world.
Since then, Hermes has become a premier name in the fashion world, and according to the Kanye West, is the absolute best-run brand in the world.
Hermes is known for their trademark orange handbags, and they often sell for well over $4,000. They’re a force to be reckoned with in the fashion industry. The brand is currently run by Jean-Paul Gaultier, who stepped in after Martin Margiela left.
3. Gucci
Gucci was created in 1921 in the town of Florence, Italy. The brand was created by Guccio Gucci way back then and has since exploded in fame and popularity, giving it a market value of $12.7 billion.
Gucci’s line of products extends from purses to sunglasses and elegant wedding gowns, all sporting their iconic logo. Fashionistas can shop this Gucci selection if they want just a taste of the sweet life.
4. Prada
Prada is another Italian fashion house that was created in Milan by Mario Prada in 1913. To this day, Prada’s headquarters are still in Milan to this day, but the company is currently run by Patrizio Bertelli.
The brand currently has a market value of $9.4 billion. Its value and fame are perhaps most owed to their extremely popular line of sunglasses. The brand offers a wide variety of products, but Prada’s eyewear stands out among the rest.
5. Chanel
Coco Chanel, the woman who founded the fashion house in 1909 is perhaps the singular most famous name in the luxury fashion world. She passed in 1971, but thanks to her gender-bending designs, her brand, and her name are still celebrated.
Before Chanel – the brand and the woman – all women’s looks in fashion were marked by a corset, giving everyone an hourglass silhouette. Chanel literally freed women from their bindings but providing fresh, more comfortable fashion options.
Today the company is worth $7 billion.
Want to Learn More About Luxury Clothing Brands?
This article is a good primer on luxury clothing brands, but there is so much more to learn. Both on the business and fashion side of things, the clothing industry is immense.
If you’d like to learn more about either, we recommend checking out the fashion section of our website.