Welcome to our post about The 10 Most Valuable Luxury Brands of 2024!
Amassing to an impressive value of $357 billion the brands you will see here are the most powerful in the luxury market. These are the most valuable luxury brands in the world in 2024 according to Kantar BranZ luxury rankings. I bet your favorite brand is on this list!
So, without further ado here are The 10 Most Valuable Luxury Brands of 2024:
1. Louis Vuitton – $129,857M
Louis Vuitton is a French fashion house and luxury goods company founded in 1854 by Louis Vuitton. The brand relies on their heritage to make some of the best handbags out there. One thing that sets them apart from the rest is their rich history and the fact that they have a price range that suits from beginners looking for an entry level bag to more experienced buyers looking for unique luxurious pieces. They have pochettes selling for less than 1000 dollars but some of their Petit Malles are sold for more than $12,000. From the iconic monogram canvas to their trunk making heritage, Louis Vuitton bags are some of the most classic you will ever find!
In 2024 Louis Vuitton has a brand value of impressive one hundred twenty-nine billion eight hundred fifty-seven million dollars.
2. Hermès – $93,676M
Hermes is a French luxury brand established in 1837. It specializes in leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. From its beginnings in saddlery and fine equestrian leather goods, Hermes today is one of the most exclusive, high-end, luxury brands out there. A combination of rich heritage, exquisite craftsmanship, eye for detail and high levels of quality and professionalism through the entire manufacturing process gives Hermès a position of superiority in the very competitive world of luxury. Their most iconic designs are the Kelly and the Birkin bags. Hermès more than any other brand on this list has the exclusivity factor working for them. Not selling a handbag to a paying costumer might seem weird, but this is what makes an Hermès bag so coveted. With the most exclusive and sought-after bags in the world, Hermès is among the most valuable luxury brands!
Hermès is valued at ninety-three billion six hundred seventy-six million dollars.
3. Chanel – $60,152M
Chanel is the French luxury fashion brand we all know and love. It was founded on 1910 by Coco Chanel and today it focuses on woman’s high fashion, ready to wear clothes, luxury goods, perfumes, accessories and leather goods. Chanel is for sure one of the most luxurious and classic fashion houses of the world. Who hasn’t heard of the iconic Chanel n°5 perfume, the luxurious Chanel tweed jacket, or even the classic flap bag? Chanel handbags are the pinnacle of luxury fashion, and the classic flap, the 2.55, the boy and the Chanel 22 bags are their top sellers. It seems that their strategy to decrease supply and increase desire for their bags is working so far. Chanel’s classic bags are now more expensive and more difficult to buy, which makes them more coveted.
In 2024 Chanel has a brand value of impressive sixty billion one hundred fifty-two million dollars.
4. Gucci – $23,820M
Gucci is a luxury fashion house based in Florence, Italy that was founded in 1921 by Guccio Gucci. Its product lines include handbags, ready-to-wear, footwear, accessories, makeup, fragrances, and home decoration. In recent years we have seen Gucci achieve spectacular growth by adopting an eclectic, youth-forward style, by expanding into relatively lower-priced items, like flip-flops, t-shirts and sneakers. Now under the creative direction of Sabato de Sarno the brand is presenting beautiful collection and some new bags that will be super popular in 2024!
Gucci has a brand value of twenty-three billion eight hundred twenty million dollars.
5. Dior – $11,982M
Dior is a French luxury fashion house founded in 1946 by French fashion designer Christian Dior. This internationally renowned brand is known for its elegance and timeless femininity. From their ready-to-wear fashion, leather goods, accessories, or footwear, Dior changed the game forever. Bags like the Lady Dior and the Saddle will forever be icons of the brand, they are some of the most classic bags you will ever find!
In 2024 Dior has a brand value of eleven billion nine hundred eighty-two million dollars.
6. Cartier – $10,514M
Cartier is a French luxury goods conglomerate which designs, manufactures, distributes, and sells jewelry and watches. Founded by Louis-François Cartier in Paris in 1847, the company remained under family control until 1964 when was bought by the Richemont Group. Cartier operates more than 200 stores in 125 countries, with three Historical Maisons in London, New York, and Paris. Cartier is regarded as one of the most prestigious jewelry manufacturers in the world, it is considered “THE JEWELER OF KINGS AND THE KING OF JEWELERS.” It was the jeweler of choice among royalty, celebrities and tycoons and until this date continues to attract the attention of jewelry lovers around the world.
It is valued at ten billion five hundred fourteen million dollars.
7. Rolex – $9,099M
If there’s one watch brand out there that everybody knows, it’s Rolex. The very name has become a byword for luxury and exclusivity. Wearing a Rolex is more than just wearing a watch. It’s a statement of power and prestige. From its classic collection to its dive and yacht-master watches, Rolex applies its decades of horological experience and technical know-how to the question of creating quality timepieces that owners can carry with them all their lives—and pass on to their children. The company was the first to patent a waterproof watch: the famous Oyster model. They also brought the first self-winding watch to the market in 1945. Globally recognized and highly coveted, Rolex’s status as one of the best luxury watch brands in the world sees few competitors.
Rolex has a brand value of nine billion ninety-nine million dollars.
8. Saint Laurent – $6,505M
Founded in 1961, Yves Saint Laurent is one of the most prominent fashion houses of the 20th century. Originally a House of Haute Couture, Yves Saint Laurent revolutionized the way fashion and society merge and interact in 1966 with the introduction of high-end made clothes produced on a larger scale than the exclusive collections. The Maison was from the beginning revolutionary, and this spirit is a fundamental part of its DNA. Aside from their ready to wear line, Saint Laurent handbags are also their hallmark. The Parisian maison is renowned for producing some of the most enduring silhouettes that can transform even the most casual of outfits, and the current creative director Anthony Vaccarrello continues to ensure that Saint Laurent bags retain their contemporary relevance.
The brand value in 2024 is of six billion five hundred five million dollars.
9. Tiffany & Co – $6,206M
Tiffany & Co is the world’s oldest major jewelry brand and is today one of the most iconic jewelers in the world! Awarded for its silver craftsmanship, Tiffany and Co. remains America’s leading silversmith, some of their most popular and famous pieces include the Return To Tiffany, Tiffany Key and Tiffany Soleste and of course, their signature 6 prong engagement rings. The story of Tiffany & Co. begins in 1837 at 259 Broadway, New York. Founded by schoolfriends Charles Lewis Tiffany and John Barnett Young, Tiffany and Young, as the company was then known, set out selling small fancy goods. They are today a global leader in the jewelry business, and are among the most valuable brands in the world!
It is worth six billion two hundred six million dollars.
10. Prada – $5,125M
Prada is an Italian luxury fashion house that was founded in 1913 by Mario Prada. It specializes in leather handbags, travel accessories, shoes, ready-to-wear, perfumes and other accessories. The first Prada store was opened in 1913 in the prestigious Galleria Vittorio Emanuele II in Milan, where he sold precious bags, trunks and travel accessories. Prada is truly a family company, today the granddaughter of Mario Prada, Miuccia Prada is the creative director and together with her husband Patrizio Bertelli they lead this legacy company so that they always continue on the top!
In 2024 Prada has a brand value of five billion one hundred twenty-five million dollars.
Hope you enjoyed The 10 Most Valuable Luxury Brands of 2024! Finally, check out The Bags to Keep Forever!
