Louis Vuitton Tops Luxury Brands–Followed by Hermes, Gucci
Bloomberg reports that Louis Vuitton, with its monogrammed bags and luggage, handily outranks its luxury brand competitors for the fifth straight year. With a reported value of $19.8 billion, Vuitton ranks 29th worldwide for all industries–and more than twice the combined value of Hermes and Gucci combined. Even though the luxury sector of the market has experienced an overall decline of 3 percent in value, Louis Vuitton, Hermes, Gucci and…
