Source: CCTV.com

05-04-2009 21:03

Leading luxury brands are retaining their value despite the global financial recession. The top three luxury brands last year have maintained their position. This is according to the latest rankings posted by the US magazine, Forbes.

Leading luxury brands are retaining their value despite the global financial recession.

French brand Louis Vuitton is still top with a brand value of 19 billion US dollars. Hermes is next with 7.8 billion dollars, and Gucci is valued at 7.4 billion dollars.

Experts say luxury brands have weathered the financial storm better than their mid-market counterparts. People are more inclined to buy one luxury handbag for one-thousand 500 dollars than five less-expensive handbags at 300 dollars each.

 

Editor:Yang Jie