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Whether you grew up longing for a Louis Vuttion Speedy or have forever idolized Gucci and Chanel, the best luxury purse brands never fail in the arm candy department.
High-end brands like LVMH and Gucci-owner Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers’ wallets Prarthana Prakash December 25, 2023 at 1:30 AM
[14] [15] [16] In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. [17] In 2023, the company was ranked 47th in the Forbes Global 2000. [18] LVMH controls around 60 subsidiaries that manage 75 luxury brands.
New marketing concepts such as "mass-luxury" or "hyper luxury" further blur the definition of what is a luxury product, a luxury brand, or a luxury company. [43] Lately, luxury brands have extended their reach to young consumers through unconventional luxury brand collaborations in which luxury brands partner with non-luxury brands seemingly at ...
MCM has had exclusive license agreements with Marchon Eyewear (2015–2023) [16] and Marcolin (since 2023) [17] for the design, production and worldwide distribution of the brand’s eyewear. In 2019, MCM signed a 10-year licensing agreement with Inter Parfums; the first fragrance, called MCM Eau de Parfum, was launched in 2021.
Prada S.p.A. (/ ˈ p r ɑː d ə / ⓘ, PRAH-də; Italian:) is an Italian luxury fashion house founded in 1913 in Milan by Mario Prada.It specializes in leather handbags, travel accessories, shoes, ready-to-wear, and other fashion accessories.