The worldwide economy has confronted an extreme hit since the beginning of the Coronavirus pandemic . The flare-up of the contamination has affected most of the organizations across the world. With the change in demand and supply of the things amongst people, the strategic of buying have additionally changed. People have been moving to web based shopping or we can say online shopping rather than going to stores and that has helped business houses continue themselves.
This adjustment in system has been embraced by masses across the world and particularly the Luxury brands who have moved their business center to online stages. Here is a record of Luxury brands who have figured out how to maintain their position amongst the top10 brands in the world, for the year 2020:
1. LOUIS VUITTON
The French style house and extravagance retail organization stands first in the rundown of extravagance brands. Established by Louis Vuitton in the year 1854, Louis Vuitton Malletier has kept up its situation with a brand estimation of $51,777 million, as recorded so far in the year 2020. The brand is known for its scope of items from extravagance trunks to ready to wear watches, shoes, etc… and it’s iconic bags.
The women’s high design french organization works in couture, accessories and its fragrances. The fashion house was established by Coco Chanel in the year 1910, in Paris, France. The organization’s present image esteem remains at $36,120 million, hence taking the second spot in the rundown.
The French extravagance design house was set up in the year 1837. The organization specialized in manufacturing leather, accessories , belts , watches , perfumes etc…The women’s high design house has a brand estimation of $33,008 million starting at 2020.
Gucci is the Italian luxury fashion brand has been the source of some of the most iconic trends in the fashion industry. It was established in the year 1921 in Florence, Tuscany. The brand is well known for its couture and accessories, particularly the bags. It was founded by Guccio Gucci, the company recorded a brand value of $27,238 million.
The Geneva based Swiss watch producer has consistently been driving the extravagance watch industry. Established in the year 1905, Rolex was as the 71st most important brand in the world by Forbes, in the year 2018. The watchmaker has recorded a brand estimation of $7,433 million in the year 2020.
The French extravagance goods combination was established in Paris in the year 1847. The organization manufactures, designs and sells gems and watches. The company has been well known for designer jewellery of all kinds. Cartier recorded a brand estimation of $5,214 million.
Founded in the year 1946, Dior was a creation of the French fashion designer, Christian Dior. The luxury fashion house is known for its sophisticated fashion, accessories, perfumes, bags and many more things. Dior, in 2020, has recorded a brand value of $ 5,117 million, and had captured the seventh place on the list.
8. YVES SAINT LAURENT
It is an another French luxury fashion brand, Yves Saint Laurent was established in the year 1961 in Paris. In the year 2020, the brand value of the company amounted to $ 3,972 and hence it stands eighth on the list. It is also known for it’s haute couture , and markets a broad range of men’s and women’s ready -to- wear products , jewellery , shoes and leather goods.
A British luxury fashion house headquartered in London. Burberry was founded in the year 1856 . It is known for a particular fabric pattern that signifies its unique appeal. The brand focuses on designing and distribution of ready-to-wear segment, trench coats, bags, fragrances and cosmetics. Burberry recorded a brand value of $ 3,847 in the year 2020.
The Italian luxury fashion house, since its inception, has focused on leather bags, travel bags and accessories, amongst other high end things. Prada was born in Milan, Italy in the year 1913 and was founded by the fashion designer, Mario Prada. In the year 2020, the company recorded a net worth of $ 3,059 million.