10 Most Expensive Fashion Brands In The World

Published on January 3, 2021 at 8:56 pm by Aleksandra Panovic in Lists, News

In today’s article, we will list the 10 most expensive fashion brands in the world.

Fashion is, always has been, and always will be “the mirror of our time”. It is a reflection of cultural episodes and of course an unavoidable social phenomenon. It is very often used in symbolic communication; fashion is a way of identification and socialization, an obligation of prestige and of course it is an applied art.

In human nature there is a need for being different, and therefore style is identity, because authentic style shows diversity, determines individuality, uniqueness and unusualness of its structure and it is a reflection of taste. Style is created within a person and fashion is created as a result of already existing styles. So, fashion leads an individual on the path that everyone goes on because people strive for grouping, while style is the need to differentiate. The outfit speaks while you are silent, you do not fit in with the style, but stand out, and it is hidden in the details.

You have all already heard that the first impression is the most important one and that it takes a few seconds to leave it on all the people we meet throughout our life. The first impression is formed on the basis of what we see, on the basis of a visual impression that has become more important in the 21st century than it has ever been. Visual identity is what allows you to communicate with the environment without conversation, so it is nothing new that the choice of our clothes says a lot about us. By choosing a style, people reveal (and sometimes hide) their status, affiliation, position in society, beliefs and attitudes. By choosing certain colors, pieces, materials and cuts, as well as by combining them together, everyone tries to give each clothing combination a personal touch. Because people remember everything that is authentic, and when you have a good style you will be noticed very quickly. Humans are visual creatures and when they judge the environment, others will first interpret what they see. We are aesthetes, we like to see something beautiful, something that will leave a strong impression on us. Although most people’s bodies are not in ideal proportions like Michelangelo’s David for example, they can look more enchanting with the right clothes on.

The great thing about fashion is that it can help you express yourself and it doesn’t discriminate on the basis of gender, race, religion, intelligence, profession… Fashion is a field of art in which everyone can participate. Fashion is one of the rare opportunities for everyone to express their creativity, use their imagination and use their body as a canvas that can show a different picture every day. Fashion designer Alexander Mc Queen said: “This is a new era of fashion – there are no rules. Individuality and personal style are important. ” Although it is known that fashion is not necessary and is not a priority for many, imagine a world where everyone wears the same hairstyle, the same wardrobe and the same shoes. How much gloomier everyday life would be, how much people, streets and photos would seem boring and monotonous. All that fashion should represent is choice and a source of satisfaction, innovation and changeability. Fashion may be unimportant to someone but it is incorrect to say that it has no meaning, value or purpose. It is both an occupation and a form of expressing yourself, but above all it is freedom of choice, and it is up to us whether we will follow what is modern in the new season, imitate styles that were once modern or choose to ignore it.

Those who have distinguished themselves in the world of fashion and who are on our list are here for a reason. The trust they have gained from their customers and users is justified by the quality and uniqueness, and therefore the price of their products is justified. Comparing the lists of the most expensive fashion brands in the world and drawing an average, we came to our list of the 10 most expensive fashion brands in the world.

10. Fendi

Fendi is an internationally known Italian fashion company, especially for its bags and fur and leather products. Fendi was founded in 1925 as a fur and leather trading company in Rome. The world-famous luxury goods brand has been part of the LVMH group since 1999. when the Fendi sisters sold 51% of the company for approximately $ 850 million in equal parts to the French luxury goods group LVMH and the Italian fashion house Prada. At the end of 2001, the LVMH group took over Prada’s stake for 295 million euros and bought from mid-2002 to 2007, the remaining parts of the Fendi family company. The name Fendi is used to identify expensive items and accessories for women, men and children, as well as furs, leathers, watches, perfumes and home furniture, which, among other things, are offered through a global network in almost 200 boutiques. German designer Karl Lagerfeld was the chief designer of women’s collections called Fendi since 1965.

9. Armani

Armani ranks 9th in our list of the 10 most expensive fashion brands in the world. Giorgio Armani (Italian: Giorgio Armani, pseudonym for Italian: Giorgione Armani, Piacenza, July 11, 1934) is an Italian fashion designer, especially known for men’s clothing. Today, he is known for creations with clear and clean lines. In 1970, he became a freelance creator in order to gather enough experience to start his own company. After a few years, in 1975, together with his friend Sergio Galeotti, he opened the company Giorgio Armani SpA in Milan, and in the same year they launched both men’s and women’s clothing lines. In 2001 he was recognized as the most successful creator of Italy, with an annual turnover of 1.6 billion dollars and a personal fortune of 8.9B at the moment. The brand markets products under several labels: Giorgio Armani Privé, Giorgio Armani, Armani Collezioni, Emporio Armani, Armani Jeans, Armani Junior, and Armani Exchange. Giorgio Armani is in collaboration with Emaar Properties, a chain of luxury hotels and resorts in several big cities including New York, Milan, London, Hong Kong, Paris, Los Angeles, Tokyo, Seoul, Shanghai and Dubai.

Most Expensive Fashion Brands In The World

Giorgio Armani has been awarded and awarded various recognitions many times. In 1983, he was named International Fashion Designer of the Year by the American Fashion Designers Association, and in 1987, a Knight for Fashion Achievement by the Republic of Italy. He has received the City Sark Award for the men’s clothing line several times. Besides Christian Dior, he was the only designer to appear on the cover of Time magazine.

When searching for Armani online, people most often look for the following collections: Armani Exchange, Giorgio Armani and Emporio Armani.

8. Versace

Versace ranks 8th in our list of the 10 most expensive fashion brands in the world. Versace is an Italian luxury fashion company known for its innovative designs having symbolic flashy prints and bright colors but with style. The Versace logo is the head of Medusa, a Greek mythological figure. Giani Versace hoped his brand would have the same effect on those who wore his shoes and clothes as Medusa did on people – she made people fall in love with her and they had no way back. Giani Versace was born on December 2, 1946., in Reggio Calabria, Italy. He grew up watching his mother, who was a dressmaker, work on designs in her boutique. In 1978. he started his company Gianni Versace SpA, where CEO was his brother Santo, and his sister Donatella was a designer and vice president. On July 15, 1997 Versace was shot and killed by the serial killer Andrew Cunanan. After his death, his sister took over as head designer for the Versace label. At the time of his death he had a net worth of $1 billion. In 2014, Versace sold a 20% stake in the firm to private equity firm Blackstone. The investment valued Versace at roughly $1.4 billion. On September 25, 2018, Michael Kors Holdings announced it had struck a deal to acquire Versace for $2.2 billion.

7. Ralph Lauren (NYSE:RL)

Ralph Lauren ranks 7th in our list of the most expensive fashion brands in the world. Ralph Lauren (born October 14, 1939 as Ralph Lifshitz on the Bronx) is an American fashion designer, philanthropist and entrepreneur, known for the Ralph Lauren Corporation, a global multibillionaire company, where he is still executive chairman and chief creative officer and he controls 82% of the voting rights. His real time net worth is $6,4B. He is well known as a collector of automobiles, some being extremely rare, he appeared on over 100 magazine covers, and on September 8, 2018 he celebrated the 50^th anniversary of his brand in a fashion show at Bethesda Terrace in Central Park.

His corporation is an American fashion company that produces clothing, watches and perfumes ranging from the middle to luxury segment (in terms of prices). Ralph Lauren Corporation is also known for marketing and distributing products in four categories: clothing, home, accessories and fragrances. The company’s brands include mid-range Chaps, premium Ralph Lauren, premium Polo Ralph Lauren, Double RL, Ralph Lauren children’s clothing, Denim & Supply Ralph Lauren, Club Monaco brand, luxury brands Ralph Lauren Prpl Label and Ralph Lauren collections. They are headquartered in New York City.

6. Dior

Christian Dior SE, commonly known as Dior, is a French luxury goods company which engages in the design and sale of fashion accessories and beauty products, now owned by Groupe Arnault, controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world’s largest luxury group. Dior itself holds 42.36% shares of and 59.01% voting rights within LVMH. Founder of this world’s top fashion house is Christian Dior, a French fashion designer (21 January 1905 – 23 October 1957). On 8 December 1946, with Boussac’s backing, Dior founded his fashion house.

Christian Dior SE operates through following business groups: Christian Dior Couture, Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, The Selective Retailing.

5. Chanel

Chanel is a French private fashion company owned by Alain and Gerard Wertheimer, grandsons of Pierre Wertheimer, who was an early business partner of Coco Chanel. Chanel is a high fashion house that specializes in high fashion and ready-to-wear, luxury goods and fashion accessories. In her youth, Gabriela was nicknamed Koko. As a fashion designer, Coco Chanel satisfied the female taste of elegance in clothing. The brand is most famous for its “little black dress”, the Chanel No. 5 perfume and the Chanel Suit. Karl Lagerfeld joined Chanel as its creative director in 1983. and continued until his death. The company was founded in 1910, and now it has around 20 000 employees. The Chanel logotype comprises two interlocked, opposed letters-C, one faced left, one faced right.

4. Prada

Prada S.p.A. is an Italian luxury fashion house that was founded in 1913 by Mario Prada and his brother Martino as Fratelli Prada, specializing in many high fashion goods for men and women, including leather goods, handbags, footwear, apparel, accessories, eyewear, and fragrances. Its brands include Miu Miu, Church’s, Cas Shoe, and Pasticceria Marchesi. Chief executive officers are Patrizio Bertelli and Miuccia Prada Bianchi, and the company has 12 326 employees. Miuccia Bianchi Prada is the head designer of Prada and the founder of its subsidiary Miu Miu. Forbes estimates her net worth at US$4,5 billion.

3. Hermes

Hermès International S.A., or simply Hermès is a French high fashion luxury goods manufacturer established by Thierry Hermès on June 1, 1938 and is headquartered in Paris, France. It specializes in leather goods and saddlery, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear clothing, footwear, belts, gloves, hats… It has 15 417 employees. Chief executive officers are Henri-Louis Bauer and Axel Dumas. In 2019, the total revenue of Hermès worldwide amounted to about 6.88 billion euros.

2. Gucci

Gucci is an Italian fashion brand, part of the Gucci Group, a multinational French company, owned by the Kering company, formerly known as PPR. Gucci was founded by Gucci Gucci in Florence in 1921. Gucci is also the best-selling Italian brand, operating with about 278 of its stores worldwide (data from September 2009), as well as wholesale at other stores and department stores. In 2013, this brand was valued at 12.1 billion US dollars, with sales of 4.7 billion. The Gucci Museum in Florence was opened on the ninetieth anniversary of its opening in 2011. To this day, Gucci has become one of the most famous, most prestigious and most recognizable fashion brands in the world.

Guccio Gucci got the inspiration to open a company of this kind in London while working for the luxury hotel Savoy. Seeing the refined elegance of the English aristocracy, he set himself the goal of transferring it to Italy as well. Much of Gucci’s customers were local aristocrats who rode horses, and their demand led Gucci to develop a unique equestrian product line. During the 1950s, the trademark and recognizable sign of Gucci became green-red-green stripes on products, again in equestrian style.

By opening stores in Milan and New York, Gucci is starting to build his place in the luxury world of fashion. Gucci Gucci died in 1953, and his sons Aldo, Vasco, Hugo and Rodolfo took over. Gucci’s products quickly became timeless designed fashion details, unavoidable by many celebrities. Gucci has become synonymous with sophistication and beauty in the Jet Set.

He was working on a personal order for Grace Kelly, Princess of Monaco, creating a silk scarf with a floral print. Also, a shoulder bag carried by Jackie Kennedy, the wife of US President John F. Kennedy. Kennedy, became popular as Jackie O.’s bag. After Gucci’s death, his son Aldo, as one of the executives, helped Gucci continue its expansion. In the mid-sixties, Gucci adopted a logo consisting of two joined Latin letters G, creating another infallible Gucci symbol.

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1. Louis Vuitton

Louis Vuitton has been synonymous with luxury and quality for more than 150 years. Since its founding in 1854, the brand has successfully dealt with plagiarists and created new trends while managing to maintain a very high quality product. It is a is a French fashion house and luxury goods company. Louis Vuitton is one of the world’s leading international fashion houses; it sells its products through standalone boutiques, lease departments in high-end department stores, and through the e-commerce section of its website.

Louis Vuitton was born in 1821 in a village in eastern France. In accordance with tradition, young Louis learned from childhood how to work wood with his father. At the age of less than fourteen, he went to Paris with the desire to become independent, but also a master of his craft. This great adventure turned out to be very useful for his life later, since along the way he learned, among other things, how to process beech and poplar, because his suitcases and coffins will be made of the finest wood. When he arrives in Paris, young craftsman found himself in the right place at the right time, since the conquest of the colonies was in full swing, Paris was developing rapidly and the industrial revolution was beginning. Why is this significant? Because Louis Vuitton will build his name on a lifestyle that includes luxury and adventure travel. He decided to open a workshop on his own, which he placed in the rue des Capucines 4. in the heart of Paris. He began to cover the poplar coffins with a waterproof gray cloth, better known as trianon. Coffins were usually equipped with compartments for hangers, jewelry, laundry, clothes, shoes, and the great success of such models is evidenced by the fact that even today something similar is in the catalog, in the regular offer. The business was expanding with great speed, and with great popularity, the problem of copyright protection arose. The founder and father of the fashion empire, Louis Vuitton, died in 1892. But the business continued to expand and develop and thus the number of plagiarists grew. The company tried to deal with the counterfeiters in court, but without success. As the geometric patterns were easy to copy, in 1896 a world-recognizable monogram was designed, a trademark of this luxury brand. Although patented, this pattern is probably the most copied monogram in the world. The rest of the Wheaton dynasty continued to innovate and constantly improve the brand. The lifestyle that included luxury travel could be afforded mainly by the elite and celebrities, and the wider recognition of the brand was greatly contributed by movie stars who gladly used and still use the luxury leather goods of the Louis Vuitton brand. Hollywood stars made the best advertisement for the brand. Some models, such as the cylindrical soft travel bag worn by the legendary Audrey Hepburn, have become a classic.

Louis Vuitton is the world’s most valuable luxury brand and is a division of LVMH. Its products include leather goods, handbags, trunks, shoes, watches, jewelry and accessories. Net worth of this company is $47,2B. Last year value change is +20%, brand revenue $20B. It is one of the most profitable brands in the world with profit margins north of 30%. CEO & chairman is Michael Burke.

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