Ranking the 10 Most Popular Luxury Brands Online in 2023
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Ranking the 10 Most Popular Luxury Brands Online in 2023

Author: Frank Holmes
Date Posted: June 15, 2023 Read time: 10 min

The luxury goods industry has had a good year. As of June 12, 2023, the STOXX Europe Luxury 10 Index has risen by 22.81%, after reaching an all-time high in April.

The luxury goods industry has had a good year. As of June 12, 2023, the STOXX Europe Luxury 10 Index has risen by 22.81%, after reaching an all-time high in April. This surge comes as China’s economy begins to recover, reopening after three long years of lockdowns due to the pandemic. In a historical milestone, LVMH Moet Hennessy Louis Vuitton, the world’s biggest luxury conglomerate, became Europe’s most valuable company ever, with its market cap exceeding $500 billion.

It’s against this backdrop that luxury industry publication Luxe Digital released its ranking of the world’s most popular luxury brands online, based on data from multiple sources. Luxe uses Deloitte’s top luxury goods companies list and Forbes’ most valuable brands list as a starting point, and then Google Trends data is employed to measure online search interest for each brand. SimilarWeb and Rival IQ data are also used to assess web traffic and social media engagement, further influencing the ranking.

Read on to discover the top 10 most popular luxury brands of 2023, in descending order.

Burberry
Burberry
10. Burberry

In the number 10 spot of the most popular luxury brands online is Burberry, the British heritage brand. With a new CEO and new Chief Creative Officer, Burberry is undergoing a refresh to appeal to a new generation of consumers by emphasizing not just British tradition but also modern luxury aesthetics, featuring talents like Burna Boy and rapper Kano. Aside from exploring new designs in outerwear, Burberry is expanding its leather goods and shoes portfolio, aiming to make accessories more than half of its sales. A digital pioneer, the brand received the inaugural Metaverse World and Gaming Experience Award in December 2022 due to its non-fungible token (NFT) launches and a collaboration with the popular video game Minecraft. It’s also emphasizing sustainability, aiming to reduce production chain emissions by 46% by 2030 and achieve a “climate positive” status by 2040, along with banning the use of exotic skins in its collection.

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Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Foreside Fund Services, LLC, Distributor. U.S. Global Investors is the investment adviser.

Foreside Fund Services, LLC, Distributor. U.S. Global Investors is the investment adviser.

Mutual fund investing involved risk. Principal loss is possible. Stock markets can be volatile and share prices can fluctuate in response to sector-related and other risks as described in the fund prospectus. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Companies in the consumer discretionary sector are subject to risks associated with fluctuations in the performance of domestic and international economies, interest rate changes, increased competition and consumer confidence.

The STOXX Europe Luxury 10 index aims to select 10 companies that are positively exposed to European luxury goods. This includes companies involved in luxury/fashion accessories, cosmetics/other care products and high-class vehicles.

Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Global Luxury Goods Fund (USLUX) as a percentage of net assets as of 3/30/2023: Burberry Group plc (0.00%), Capri Holdings Ltd. (0.00%), LVMH Moet Hennessy Louis Vuitton SA (3.74%), PRADA SpA (0.95%), Hermès International (5.77%), Kering SA (1.25%).