![]() Ralph Lauren has a series of smaller brands under its main brand umbrella, including the high-end luxury brands Ralph Lauren Collection and Ralph Lauren Purple Label. The eponymous designer created this all-American brand in New York in the late 1960s this company on our luxury brand ranked list is still based in New York today. Returning now to fashion brands, the next luxurious brand ranking we’ll look at is Ralph Lauren. Prada takes fifth place in our ranking of the best luxury brands. Her design ideas helped put the brand on the map and created an enduring fashion brand known today for ready-to-wear styles and eyewear partnerships with Luxxotica, shoes, travel accessories, and leather handbags. When Mario’s daughter Luisa took over the business, Prada began to shine. At the time, the brothers sold leather goods at a store in Milan, including handbags. The business began as a family endeavor between brothers Martino and Mario Prada, originally called the Fratelli Prada brand. For example, Prada has gotten in on the NFT trend with limited-edition offerings as part of its time capsule drops. Prada’s tagline is “Thinking Fashion since 1913,” which is incredibly apt considering how fashion-forward this brand is. In a separate piece of Statista data from May 2023, the luxury fashion segment brought in $97.23 billion in 2022 and is expected to reach $111.45 billion in 2023.īetween 20, the compound annual growth rate or CAGR of the luxury fashion segment is expected to continue growing year over year by 5.62 percent, which is quite a healthy margin. Yet when you look deeper into luxury fashion brands, their dominance over the popularity department shouldn’t come as so much of a surprise.Īccording to an early 2023 report from Statista, in 2021, the worldwide luxury fashion market saw a huge bounce back from the COVID-19 pandemic, increasing revenue to almost $92.69 billion that year. The only one that isn’t is Harrods–a luxury retail brand. Now that you’ve had that refresher, let’s start our first list by going over the top 34 luxury brands that have, in 2023, ranked well for popularity: Luxury Brand Rankingĭoes this list surprise you? Nine out of the top 10 in this list are fashion brands. The Top 34 Most Popular Luxury Brands in 2023 Accompanying these posh goods is a high price tag that’s indicative of the quality.Ĭonsumers gravitate towards luxury brands because of what they represent, which is a sense of style and extravagance.įrom automobile manufacturers to luxury fashion houses, from renowned watchmakers to distinguished fragrance producers, the world of luxury brands encompasses a diverse range of industries, each delivering its own distinctive allure. We aim to provide you with an insightful guide that not only enlightens but also assists you in discovering your next favorite luxury brand.ĭive into our rankings and explore the epitome of luxury, style, and responsibility! What Is a Luxury Brand?īefore we delve into the list, let’s take a moment to recap the essence of a luxury brand.Ī luxury brand meets very specific criteria for extraordinariness, rarity, aesthetics, and quality. ![]() Our comprehensive lists are thoughtfully compiled to offer you a broad yet manageable selection, ensuring that you are not overwhelmed by choices. In our post, we’ve ranked the top luxury brands based on unique criteria: popularity, value, eco-friendly status, and trustworthiness. Each brand is then meticulously ranked according to their performance in these key areas. When compiling luxury brand rankings, the rating process involves a meticulous evaluation of various aspects, including yearly profitability, consumer popularity, brand reliability, and commitment to environmental sustainability. Whether your focus is on the most sought-after names or brands leading in sustainability, having a well-curated list simplifies the process of comparison and selection.īut what exactly determines the standing of a luxury brand? ![]() Navigating the world of luxury brands can be both exciting and complex.
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