Business magazine Forbes has put Louis Vuitton as number 14 on its list of the world's 100 most valuable brands. Its inclusion is particularly prestigious because it's the only fashion brand that occupies a top 20 spot, as the roundup is dominated by technology companies like Apple, Google, and Microsoft.
As one of the most profitable brands in the world, the luxury conglomerate's profit margins are almost at 40% and its current net worth is $28.1 billion. Back in February, the company credited their astronomical revenue growth to its creative director, Nicholas Ghesquière.
"For Louis Vuitton, 2014 was characterized by strong creative momentum, dominated by the enthusiastic reception of Nicolas Ghesquière's first runway shows and of the new products,"
Other fashion brands on the list include H&M (33), Gucci (42), Hermes (51), Cartier (55), Zara (58), Coach (63), Rolex (65), Prada (74), Chanel (85), Ralph Lauren (89), and Target (92).
harpersbazaar.com
No comments:
Post a Comment