Luxury brands are a symbol of status, these brands give a sense of power and prestige. Most of the brands take advantage of this, with high rising prices they are made to satisfy egos ( mostly) and for the quality of course.
People always look up to something they can’t buy or afford and these luxury brands offer this feeling that only a few can have, exclusive or elite people only. This makes them even more desirable.
Here is a list of the most expensive brands in the world.
1. Ralph Lauren
Ralph Lauren is a luxury brand of clothing, accessories, and fragrances. The company’s worth is USD 7.4 Billion.
It’s a luxury cosmetic brand with an evaluation of $3.5 billion, according to the Bloomberg ranking. The cheapest product is of 900 bucks!
As of 2012, its value is $3.1 billion. It produces clothes, perfumes, and home decor.
Valued at 9.6 USD.
Chanel makes beauty products, fragrances, jewelry, and much more. The net value is 1.5 Billion USD.
Valued at 4.5 billion USD.
The net value is 12.1 billion USD.
The net value is 11.9 billion USD.
10. Louis Vuitton
The net worth is unknown but one of the most expensive items is the Louis Vuitton Steiff teddy bear of 2.1 billion dollars.
That is a crazy amount of money to spend on clothes or essentials, what do you think?