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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
This fall prepare to see these seven bag trends everywhere, from elongated bags at Miu Miu and Gucci to oversize slouchy totes at Ferragamo and Loewe.
In November 2023, LVMH agreed to acquire the Los Angeles-based eyewear brand Barton Perreira for $80 million. [54] In June 2024, LVMH acquired Swiza, the owner of L’Epée 1839, [55] a Swiss manufacturer known for high-end clocks and horological creations. [56]
For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. [7] In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. [8] The company operates in 50 countries with more than 460 stores worldwide. [9]
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 ...