Top 12 Most Expensive Luxury Clothing Brands
Everyone dreams of a luxurious life. It is a normal human behavior to crave the absolute best for one’s self. However, only a few fortunate ones amongst us are able to fulfill this desire. What is a luxury good? One might ask. To put it in simple words, a luxury item is one that is somewhere near the top of the hierarchy of high-end most expensive fashion brands, placed only after haute couture. They signify extravagance and sophistication. Luxury apparel offers top quality, but also come with quite a heavy price tag. Despite the ongoing recession, luxury clothing brands have only shown increasing sales. Irrespective of the economic market at any given point in time, they have successfully managed to maintain a positive growth rate with ever-escalating demand for more. Popular Bain & Company, a well-renowned consultancy firm, projected the luxury fashion brand market to be valued at a staggering $274 billion. By 2016, they predicted sales set to reach an inconceivable $328 billion. Louis Vuitton is considered to be the most expensive fashion and apparel brand across the globe and it has managed to lead the high-end clothing brand market since years. Over the years, however, many other brands such as, Gucci, Hermes and Prada, have climbed up the corporate ladder and demonstrated momentous growth. The reason behind their success is believed to be a boost in demand from newer fronts such as, Western Europe, Asia, and North America.
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