1 of 10 A French fashion house founded in 1854 by Vuitton himself, it is now headquartered in Paris and, as of 2011, has been valued at over $24 million. The group's Chairman and Chief Executive Officer (CEO) is Jordi Constans. The fashion house produces a range of luxury goods, including travel bags and accessories. PA A French fashion house founded in 1854 by Vuitton himself, it is now headquartered in Paris and, as of 2011, has been valued at over $24 million. The group's Chairman and Chief Executive Officer (CEO) is Jordi Constans. The fashion house produces a range of luxury goods, including travel bags and accessories. PA Hermes is a high-end French fashion house established in 1837. It specialises in leather, lifestyle accessories, perfumery, luxury goods and ready-to-wear. The house is headquartered in Paris and managed by Patrick Thomas, who is the Chief Executive Officer (CEO). In 2011, the brand was valued at nearly $12 million. PA Gucci is an Italian fashion house and leather goods label; the brand is part of the Gucci Group, which is owned by the French company PPR. Gucci was founded in Florence in 1921, by Guccio Guci and continues to operate out of the same city. The President and Chief Executive Officer (CEO) is Patrizio di Marco and in 2011 the brand value was estimated at $7,449 million. PA Established by famed couturier Gabrielle “Coco” Chanel, in 1909, Chanel S.A. is today valued at $6,823 million. The brand specialises in perfumery, handbags and cosmetics, among other products. The company is co-owned by Alain and Gerard Wertheimer and is headquartered in Paris. PA Cartier, a famous luxury jeweler and watch manufacturer, was founded by Louis-François Cartier in 1847 and is today based in Paris. As of 2011, Bernard Fornas is the Chief Executive Officer and the brand value is estimated at $5,327 million. Reuters The Swiss watchmakers are famed for their high-quality and luxuriously crafted wristwatches. The brand was founded in 1905 and is based in Geneva. The serving Chief Executive Officer is Gian Riccardo Marini and, as of 2011, the brand is valued at $5,269 million. Reuters A world leader in the production of cognac, the French liquor house today, under the banner of Jas Hennessy & Co., sells approximately 50 million bottles a year, worldwide; this accounts for more than 40 percent of the world’s production figures. The company, based in Cognac, France, was founded in 1765 and is currently headed by Bernard Peillon, who is both Chairman and Chief Executive Officer. The brand’s value in 2011 was estimated at $4,997 million. PA Moët Chandon is a French winery established in 1743, by Claude Moët. It is one of the world’s largest champagne producers and even holds a Royal Warrant to supply champagne to Queen Elizabeth II. The brand is based in Épernay, France and is guided by Daniel Lalonde, who is President and Chief Executive Officer. In 2011, the brand was valued at $4,570 million. Reuters Fendi is a high fashion Italian house, best known, perhaps, for its “baguette” handbags. It was launched in 1925, as a fur and leather shop in Rome. Today, however, it is a multinational luxury goods brand, owned by LVMH Moët Hennessy (a France-based luxury goods conglomerate). World renowned designer Karl Lagerfeld is its Creative Director and the company is headquartered in Rome. In 2011, the brand was valued at $3,422 million. Reuters A British luxury house, which produces clothing, fragrances and fashion accessories, Burberry is perhaps most famous for its iconic trench coats, which were created by founder Thomas Burberry. The brand was founded in 1856 and is based in London. The serving Chairman is John Peace and, in 2011, the brand was valued at $3,379 million. PA
In today's world, luxury products are no longer the preserve of either a few select locations or the rare millionaire or two; these products today are manufactured across the world and have been crafted to appeal to a variety of styles and personalities.
The increasing numbers of almost obscenely wealthy people further fuels the desire to have absolutely unique style statements and luxury brands are only too happy to oblige.
The end result is that the several luxury brands in the market now compete fiercely with one another, often looking to outdo the other in producing extravagant products.
According to a report released by Milward Brown, a leading global research agency, French fashion house Louis Vuitton is the highest-valued luxury brand, followed by fellow French brand Hermes and Italian rivals Gucci.
Check out the list of your favourite brands and see how they stack up: