World's Most Valuable Luxury Brand, world record set by Louis Vuitton

November 12, 2024

Paris, France--With a brand value of about 130 billion U.S. dollars in 2024 and a total revenue for the 2023 fiscal year of about 86 billion euros for the LVMH Group's, the Moët Hennessy Louis Vuitton, more commonly referred to as LVMH Group (Euronext Paris: MC), sets the world record for being the World's Most Valuable Luxury Brand, according to the WORLD RECORD ACADEMY.

"Louis Vuitton (LVMH) is not only the world’s most valuable luxury brand, but also one of the most recognizable and influential fashion houses ever," the Medium says.

"Founded in Paris in 1854 by its namesake designer, Louis Vuitton is renowned for its iconic monogram handbags as well as leathergoods, ready-to-wear fashions, shoes, accessories, watches, and jewelry.

"With over $17 billion in brand value as of 2022 and revenues exceeding $15 billion annually, Louis Vuitton sits atop the global luxury industry. It leads rivals in operating profit margins as well thanks to LVMH’s focus on controlling distribution through directly owned stores.

"Louis Vuitton’s sustained popularity over generations and mastery of luxury branding cement its legacy as an enduring and peerless fashion empire."

"Most expensive teddy bear: A Steiff 'Louis Vuitton' teddy bear made in 2000 and measuring 45 cm (17 in) sold for €213,720.00 ($182,550; £125,831) on 14 October 2000 at Christie's, Monaco,"the Guinness World Records says.

"LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 130 billion U.S. dollars in 2024. The LVMH Group's total revenue for the 2023 fiscal year was about 86 billion euros.

"Moët Hennessy Louis Vuitton, more commonly referred to as LVMH Group, is a French luxury goods conglomerate. The company is primarily known for its fashion house, known as Louis Vuitton, named after its founder.

"The conglomerate operates globally, selling luxury leather goods, handbags, ready-to-wear fashion, and other fashion accessories. Since 1989, the company has been run by Frenchman Bernard Arnault, following the merger of the luxury goods producer with champagne producer Moët & Chandon and cognac manufacturer Hennessy," the Statista says.

"The richest luxury goods maker is Bernard Arnault (FRA), CEO and owner of LVMH Moët Hennessy Louis Vuitton, whose personal fortune is $72 billion (£52.1 billion) according to estimates published by Forbes on 6 March 2018," the Guinness World Records says.

"LVMH owns numerous globally-recognised brands that produce a wide variety of luxury goods including champagne (Moët & Chandon, Dom Pérignon), watches (TAG Heuer, Hublot), and fashion (Louis Vuitton, Dior, Marc Jacobs)."

"Louis Vuitton remains the world’s most valuable luxury brand for the 18th consecutive year in the Kantar BrandZ Most Valuable Global Brands ranking 2023," the Kantar says.

"The French giant has held this position since the Kantar BrandZ global rankings first launched, the only brand to do so in any sector. With a 0.4% increase, Louis Vuitton reached a brand value of $124.8bn versus $124.3bn last year.

"It was joined by five other French brands in the Luxury Top 10, including Dior, which was the fastest-growing luxury brand, delivering 9% growth."

"Louis Vuitton continues to lead the luxury brand sector, maintaining its position as the most valuable luxury brand in 2024, with a valuation of $129.9 billion," the Oberlo says.

"Known for its unmatched brand prestige, Louis Vuitton’s brand value grew by 4% from the previous year. The brand’s parent company, LVMH, is also the biggest clothing company in the world in terms of market capitalization."

"Louis Vuitton Malletier SAS, commonly known as Louis Vuitton, is a French luxury fashion house and company founded in 1854 by Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, perfumes, watches, jewellery, accessories, sunglasses and books.

"Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end departmental stores, and through the e-commerce section of its website. Louis Vuitton merged with Moët Hennessy in 1987 to create LVMH, of which it is a subsidiary.

"For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. The company operates in 50 countries with more than 460 stores worldwide." (Wikipedia)

"At Louis Vuitton, we believe that sustainability is a journey that takes long term commitment and humility. The humility to pay as much attention to what we have already achieved, as to what remains to be done," the official website says.

"A journey made possible by engaging everyone. A journey that requires all of us to question everything we do and how we do it, to constantly improve and go further. That’s the journey we are on since 1854."