This Is the Most Valuable Luxury Fashion Brand in the World
The Hollywood Reporter just released its list of Hollywood's top 20 red carpet designers of 2017, and you will definitely recognise the celeb-favourite brands (Chanel and Gucci, anyone?). The list features fascinating fun facts about each company, but there was one statistic that jumped out at us immediately.
THR reports that Louis Vuitton is the "world's most valuable luxury brand" and is worth a staggering $24 billion USD. Here's the cherry on top: According to consultancy company Interbrand, Louis Vuitton is worth almost twice as much as the second most valuable brand, Hermès. Colour us impressed. As for the brand's red carpet domination, THR notes that Michelle Williams, Alicia Vikander, Léa Seydoux, and Sophie Turner have all worn Louis Vuitton at major red carpet events this year, cementing the brand's spot on the magazine's new list.
Next up, find out the most popular sneaker brand (besides Nike).
Opening Image: Getty Images