Country: France
Brand Value 2020: $52.00B
The world’s most valuable luxury brand, according to BrandZ, belongs to Paris-based Louis Vuitton, valued at $52 billion, an increase of 10 percent from last year. Louis Vuitton founded the company in 1854 primarily as a maker of travel trunks. Its trunks were lightweight, airtight and, unlike others at the time, had flat tops for easy stackability. In 1886, the company patented a tumbler lock system for its luggage so effective that Harry Houdini himself was said to be unable to pick it. Like most other brands on this list, Louis Vuitton, or LV, is today known for much more than its original goods, offering ready-to-wear, shoes, handbags, jewelry and fragrances. LV is owned by the mega luxury conglomerate LVMH, which did $60 billion in sales in 2019. The company’s CEO and chairman, Bernard Arnault, is the world’s third-richest person behind Jeff Bezos and Bill Gates.