This is the 21st century, the age of information technology and globalization, materialism and consumerism. People strive to make millions of dollars so that they can live in the lap of luxury. Owning products created by the following luxury brands is considered a symbol of high class and status in such a society as they have ultra expensive items on the catalogue and one is considered to be rich if they own such brands.
1. Gucci
This brand was founded in 1921 by Guccio Gucci in Italy. It is renowned all over the world for its excellent leather goods and Italian fashion style. Gucci is considered to be the best Italian brand and is featured in a chart created by Interbrand which lists out the 100 best brands all over the globe. It generates about 2.2 billion dollars on a yearly basis.
2. Louis Vuitton
This French fashion house is a favorite amongst those who know the meaning of style and panache. It specializes in sunglasses, leather goods, watches, shoes- you name it. The LV monogram is an icon in itself and has made the brand a status symbol. The company is said to sell their products at the highest prices in the industry which is made clear by the fact that its annual revenue is about 2.7 billion dollars.
3. Chanel
Chanel is well-known fashion icon Coco Chanel’s baby and is considered to be the most elegant and chic brand in haute couture. Chanel manufactures high-end luxury goods, perfumes, clothes, cosmetics and much more. It will not be an exaggeration to say that the Chanel label is one of the most recognized labels all over the world.
4. Burberry
Burberry is a British luxury brand which manufactures everything from perfumes to clothing to accessories. Their products have a very distinctive pattern which is copied by fashion houses everywhere. The company makes about a billion dollars annually.
5. Fendi
Fendi is an Italian brand which is best known for its handbags. It started off small in 1925 but has gained world-wide recognition as it is owned by LVMH. Fendi generates about 338.5 million dollars every year.