The luxury fashion game is as changing as any other luxury industry game where brands come in and out, rise and fall, dominate the runway and fall in the ranks. Every year, the ranking of fashion brands in terms of luxury and pricing, as well as the net value of the brand, changes drastically.
In this article, we’re going over the 2020 net value, luxury and ranking of the top 10 fashion brands of the year:
10 – Balenciaga
This French fashion house is very popular amongst the popstars and other celebrities. Balenciaga has an estimated brand value of $1.1 Billion, which includes it in one of the rapidly rising luxury designer brands in the world. The affluent millennials are highly attracted towards the bold and trending designs of Balenciaga, especially their sneakers which make people turn their heads. The fashion categories which Balenciaga deals in include; ready-to-wear clothing, footwear and handbags. The brand is impressively continuing to attract more and more customers.
9 – Chanel
This French origin luxury fashion house with a brand value of $7.2 Billion has maintained itself to be on the lead of high-end fashion industry. With excellent quality and sophisticated designs, Chanel has been successful in transforming the fashion world. The brand manufacturers trend-setting apparel, accessories, eyewear, handbags and other leather products. The simplistic yet elegant designs of Chanel, are what leave its customers awe-struck.
8 – Dior
It is a French origin fashion house and is highly preferred by its high-profile customers. With an estimated brand value of $11.9 Billion, it is one of the most expensive luxury designer brands in the fashion industry. Earlier, the brand was only into women’s clothing but later it introduced itself into men’s apparel as well. Dior is a manufacturer of watches, cosmetics, fragrances, apparels, leather products, sneakers and other trend-setting fashionable products. Because of its refined and sophisticated clothing, Dior has made a prestigious reputation in the fashion industry.
7 – Fendi
Fendi is an Italian fashion brand with an estimated brand value of $3.6 Billion. Fendi is a brand which is exemplary and is sought-after. Being one the most expensive designer brand, it is very famous amongst the famous personalities. The brand is famous for its fur products, designer sneakers, apparel, leather products, watches and eyewear. The fashionable and elegant designs from the designer have made is very popular in the recent years.
6 – Versace
Versace is an Italian origin luxury brand with huge popularity amongst celebrities. It has a brand value of $5.8 Billion. With a very expensive clothing line, Versace is also considered to be a trendsetter in the fashion industry. Versace is popular for its flashy and high-end clothing. The luxury fashion house is associated with leather products, sunglasses, ready-to-wear, and accessories. Flamboyant prints and vibrant colors have helped Versace to introduce new-fashioned designs that are highly popular amongst its buyers.
5 – Burberry
The British origin luxury fashion house is one of the oldest fashion brands in the world with an estimated brand value of $5.87 Billion. Burberry’s signature style checkered pattern on their jackets, overcoats and scarves went popular around the world being classy and stylish. Burberry is famous for its trench coats, ready-to-wear perfumes, scarves, and sunglasses. Their exclusive and classy designs have made it possible for the brand’s success, including it in the list of most expensive luxury fashion brands in the world.
4 – Prada
Prada is an Italian fashion house with a brand value of $9.5 Billion. The luxury brand is known for its sophisticated yet classic and elegant designs, which is popular amongst the individuals of business class. The brand is associated with the manufacturing of various goods like apparel, shoes, leather handbags, perfumes, and accessories. The sumptuous fabrics, basic colors, clean and classy designs used by Prada make it one of the most luxurious and expensive fashion brands.
3 – Hermès
This French origin fashion luxury manufacturer has an estimated brand value of $10.6 Billion, with its brand name associated with royalties and celebrities for Hermès products like Queen Elizabeth II, Madonna, Sharon Stone, it is considered to be one of the most expensive fashion brands worldwide. Hermès is known for its classy and sophisticated designs with every product made with perfection like their classic Birkin bag. The brand manufactures leather goods, designer clothes, fragrances and accessories. Due to its excellent reputation the brand name of Hermès is always on a rise.
2 – Louis Vuitton
Louis Vuitton or popularly known as LV is a French origin fashion giant and is amongst the top three luxury fashion brands. LV with each passing year has been able to gain more and more popularity amongst the affluent because of its exquisite high-end goods like handbags, elegant dresses, leather products, designer sneakers and a lot more. According to Forbes’ 2020, Louis Vuitton has an estimated brand value of $39.3 Billion.
1 – Gucci
Gucci is one of the most popular Italian luxury fashion brands manufacturing exclusive clothing and leather products. It is highly preferred and loved by the affluent millennials because of its ritzy and edgy designs. The Italian manufacturer since a long time has been at the helm of the fashion industry and also is an exceedingly prominent player in the market of designer sneakers. As of 2020, Gucci has a brand value of $12.7 Billion, making it one of the largest brands in the fashion industry.
Source: CEO World – ceoworld.biz
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