Yves Saint Laurent famously said, “Fashions fade, style is eternal,” and if we’ve learned anything from over a century of high-end, renowned, and most relevant luxury brands of the world today, it’s that he was right. Call it endurance, relevance, exceptional expertise, or having a die-hard following—whatever the reason may be—labels like Hermès, Cartier, and Louis Vuitton have been crafting fashion and quality since the mid-19th century and still rule the roost. Let’s delve into the deliciousness of these Maisons and decipher what makes them a roaring success even a century later.
Gucci, 1921 –
Great, gorgeous, Gucci. What was once a single shop making equestrian equipment on a side street in Florence is now known as a fashion force worth 17.8 billion dollars. It was founded by Guccio Gucci in 1921, who went from working as a porter at The Savoy hotel in 1897 to launching a store that became the epitome of Italian artisanal excellence. By the 1950s, the label had attracted an international clientele of jet setters, Hollywood stars, dignitaries, and socialites. This marked the beginning of a frenzy for GG monogrammed products and prints that still continues today.
Some of the most recognizable accessories include the Gucci GG Marmont Bag, Gucci Bamboo Bag, Gucci Ace Sneakers, etc. The Gucci Garden is a museum, boutique, and restaurant located in the historic Palazzo della Mercanzia, where fans can study the brand’s rich history and find inspiration. According to its parent company, Keiring, in 2023, Gucci generated sales of around 9.9 billion Euros.
Balenciaga, 1919 –
How old were you when you first heard the word, Balenciaga? The brand that has been around for over a century catapulted to fame owing to Spanish designer Cristóbal Balenciaga. He broke the norms of fashion, introduced sleek and linear lines in the post-war era and never looked back. Christian Dior once said, “Haute couture is like an orchestra whose conductor is Balenciaga. We other couturiers are the musicians and we follow the direction he gives.”
In the coming decades, the brand delivered several trademark styles such as the collar deviating from the collarbone and the bracelet sleeves. Today, the brand is synonymous with celebrity. From the MET Gala to the Super Bowl, world-renowned VVIP and Hollywood A-listers opt for Balenciaga. High fashion icons like Kim Kardashian, Ashley Graham, Gigi Hadid, Cardi B., Salma Hayek, are all known to sport and love Balenciaga despite its occasional controversies. The fashion brand is controlled by Kering, with 299 stores in the world today. It faced tremendous backlash in 2023 owing to two controversial campaigns involving children.
Prada, 1913 –
The brand may be over 110 years old, but the fashionistas’ fascination with the Italian luxury fashion house founded in Milan by Mario Prada is far from over. The luxury label has witnessed unwavering loyalty for its leather handbags, travel accessories, shoes, ready-to-wear, and other fashion accessories. In the last 50 years, Miuccia Prada (a Ph.D. in political science) turned the luxury brand around.
Prada is sold in over 70 countries via more than 635 physical stores. The family-owned Prada group has labels like Miu Miu, Church’s, and Prada Luna Rossa under its umbrella.In 2023, the company saw revenues climb by 13% to reach €4.72 billion. In the last five years the Maison has shifted focus to women’s dressing. Miuccia Prada put it best in Vogue Runway: “It’s especially for women, because there’s so much against us, still.” Not many know that the founder Mario Prada believed that women had no place in the workplace, and thanks to his son’s lack of interest in managing the brand, Prada was passed on to Mario Prada’s daughter, Luisa Prada who ran the family business for 20 years until the 1970s. Miuccia Prada joined as Head designer and began designing luxury handbags and luggage for the brand and the Prada name continued to shine under her leadership
Chanel, 1909 –
Charm, chic, and Chanel, it all goes hand-in-hand. Gabrielle Chanel, better known as Coco, founded the label in 1909 and proved her words right, “fashion passes, style remains.” Chanel remained relevant, revered, and ravishing.From the iconic Little Black Dress, the Chanel Suit, and the incredible perfume No. 5 de Chanel, the Parisian fashion house gave the world some eternal gems.The journey began in 1910 when Coco opened a hat boutique at 21 rue Cambon under the name Chanel Modes. Eight years later she set up her Couture House in Paris in 1918. From launching the Chanel 2.55 handbag (the first popular yet elegant shoulder bag designed for women on the go) in 1955, to breaking notions with high-end costume jewellery and making Chanel synonymous with chic, the accomplished businesswoman gave birth to an extraordinary brand.
In 2023, Chanel’s worldwide brand value amounted to approximately $19.4 billion. The French luxury brand is owned by the Wertheimer family and has been headquartered in London since 2018.
Lanvin, 1889 –
The oldest French fashion house that is still in operation was founded by Jeanne Lanvin in the avatar of a small hat shop in the heart of Paris. A 22-year-old Lanvin fresh out of her apprenticeship opened her first hat shop at 16 Rue Boissy d’Anglas. In less than five years, she launched her eponymous fashion house, tasting instant success.
Her daughter Marguerite ran the show till 1958. Come 1996, the House of Lanvin was acquired by L’Oréal. The company had dressed names like Amy Adams, Meryl Streep, Cate Blanchett, Jared Leto, Sandra Bullock, and Michelle Obama.
Bvlgari, 1884 –
Jewelry, watches, fragrances, there is nothing this brand has not made spectacular in its 140 years in business. The luxury Italian brand crafts the most exquisite jewelry, using high-quality materials set in intricate designs. The journey began with Sotirio Bulgari, a Greek immigrant, and his first shop in Via Sistina in Rome. From silversmith, the brand went to become world-famous adorning the creme de la creme of society.
The Italian luxury label proudly counts Elizabeth Taylor, Carla Bruni, and Naomi Watts among its many fans. Richard Burton once joked, “The only word Elizabeth knows in Italian is Bulgari.” A part of the LVMH Group, the Italian luxury brand was valued at $11 billion in 2022.
Louis Vuitton, 1854 –
If there is any one brand that became synonymous with luxury brands it is undoubtedly Louis Vuitton. What started with a line of luxury trunks by Louis Vuitton, a French box-maker turned into the most illustrious luxury labels in the world today. The Maison went from luggage and bags to its first men’s and women’s ready-to-wear collections in 1997. It was Marc Jacobs, the brand’s first-ever creative director that turned it into a fashion force. The house cultivated a celebrity following in the years to come, and the rest is history.
According to Statista, in 2023, the Louis Vuitton brand was valued at approximately $26.3 billion. Since 1989, Louis Vuitton has been led by chair and CEO Bernard Arnault who owns more than 75 brands under the LVMH umbrella and is among the top three richest people in the world with a net worth of $202 billion.
Cartier, 1847 –
Rightfully known as the ‘jeweler of kings and the king of jewelers’, the brand that has been around for 170 years is a specialist in exquisite jewelry and high-end watches like no other. The French luxury brand appeased everyone from royalty like Edward VII of England, Elizabeth II, Maharaja Bhupinder Singh of Patiala to divas like Marilyn Monroe, Grace Kelly, and Elizabeth Taylor.
Their creations are iconic to date like the Santos Dumont watch or trinity ring and love bracelets that can be afforded by affluent admirers of all things luxe. The prestigious Parisian Maison is present in 60 countries with over 200 boutiques and is owned by the Richemont group.
Hermes, 1837 –
Another, undefeated Parisian powerhouse that stands as a testament to the effects of excellent craftsmanship and attention to detail is Hermes. The story began with crafting exquisite saddles and leather goods for European glitterati. Quality became their most recognizable quality which soon blossomed into a full-fledged luxury brand encompassing a stunning array of products.
Today, their handbags are investments, collectibles, and status symbols. The horses are only seen in the logo that pays homage to their history as a saddlery manufacturer. With 187 years behind them, the maison is showing no signs of slowing down. In fact, 2024 is already their most successful year with the luxury design house’s shares rising to a record high on 9th February 2024.