Luxury & Premium 2023 | Brand Value Ranking League Table | Brandirectory (2024)

FAQs

Luxury & Premium 2023 | Brand Value Ranking League Table | Brandirectory? ›

LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 124.8 billion U.S. dollars in 2023. The LVMH Group's total revenue for the 2023 fiscal year was about 86 billion euros.

LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 124.8 billion U.S. dollars in 2023. The LVMH Group's total revenue for the 2023 fiscal year was about 86 billion euros.

This statistic presents the brand value of Louis Vuitton worldwide from 2016 to 2023. In 2023, the Louis Vuitton brand was valued at approximately 26.3 billion U.S. dollars. In comparison, the brand's valuation was 23.4 billion U.S. dollars in the previous year.

Deloitte, with an impressive 21% increase in brand value to USD41. 8 billion, has once again secured its position as the world's most valuable commercial services brand. Leading the sector, Deloitte saw record revenues of nearly USD65 billion in 2023, propelled by strategic investments and collaborations.

Gucci and Louis Vuitton are the most popular luxury fashion brand in the United States, followed by Chanel and Dior. Overall, Gucci dominates our KPIs of top luxury fashion brands, with 90 percent awareness slightly shadowing even Chanel and Dior.

The Holy Trinity, also known as The Big Three, is the name given in horology to three of the biggest and oldest watchmakers in the world. The watch brands are Patek Phillipe, Audemars Piguet and Vacheron Constantin, known for their complex and high-end movements. The classification dates back to at least the 1970s.

Victoria's Secret was the leading fashion brand in the U.S. in 2021. The label had a National Brands IPX (Index) score of 55.19 points. Michael Kors Collection came in second place with 52.73 index points and Tiffany & Co., recently bought out by LVMH Group, was third with an index value of 33.94 points.

According to vintage reseller Vestiaire Collective, Louis Vuitton's Speedy bag is one that continuously increases in value once it hits the secondhand market. Whether you choose the monogram iteration or the checkered pattern, the Speedy is sure to maintain relevance in the secondhand department.

In fact, Louis Vuitton handbags are known for retaining their value exceptionally well on the luxury resale market. Some of the most classic and sought-after Louis Vuitton bags can even increase substantially in value over time and can be resold at a significantly higher price point than original retail.

What is the most valuable IT service brand? ›

Accenture remains the world's most valuable IT services brand, with a brand value of $40.5 billion, representing a 1.6% increase from the previous year, according to an ET report quoting Brand Finance 2024 report.

Deloitte has reinforced its position as the world's most valuable commercial services brand following an impressive 21% brand value increase to USD41. 8 billion.

Both brands offer luxury products, but Gucci tends to be more flamboyant and trend-driven, which can sometimes result in higher prices. Prada often offers a more understated luxury.

Which is More Expensive, Gucci or Prada? Generally, in answer to which between Prada or Gucci is more expensive, the prices vary according to the item and material used in its crafting. Gucci has the upper hand in leather goods, being significantly more pricey.

Louis Vuitton remains the world's most valuable luxury brand for the 18th consecutive year in the Kantar BrandZ Most Valuable Global Brands ranking 2023. The French giant has held this position since the Kantar BrandZ global rankings first launched, the only brand to do so in any sector.

Leading luxury consumers: In 2023, millennials and Gen Zers emerged as significant players in the luxury market, with a shared emphasis on personalisation and sustainability. These consumers demand ethical production, supply chain transparency and bespoke experiences that align with their values and identity.

1. Nike – United States ($31,307M)

Hermès, Chanel, and Louis Vuitton are top-performing brands in terms of average resale value, with pieces like the Hermès Constance, Hermès Picotin, Chanel Deauville Tote, and Louis Neverfull retaining an average 127%, 120%, 114%, and 136% value in 2023, respectively.”