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VERSACE



Versace is a luxury fashion brand known for its daring and bold designs. Gianni
Versace, the brand’s founder, was often called the “Rock and Roll designer” for
his celebrity clientele, including icons such as Michael Jackson, Elton John,
Tupac Shakur, and Madonna. Versace’s designs were inspired by punk subculture
and Indian sari, resulting in the famous “Safety pin dress,” which became a
cultural icon of the ’90s.

However, in 1997, Gianni Versace was tragically killed by a serial killer, and
his sister, Donatella Versace, took over the brand. Since then, Versace has
continued to push the boundaries of fashion design, creating statement-making
designs that are often seen on celebrities at red carpet events. The brand’s
S&M-inspired “bondage collection,” Jennifer Lopez’s green “Jungle Dress,”
Angelina Jolie’s black velvet slit dress, and Lil Nas X’s hot-pink Grammy outfit
are just a few examples of Versace’s daring and provocative designs.

Versace’s reputation for ultra-glamorous and spectacular designs has made it one
of the most popular luxury fashion brands in the world. Every time a celebrity
wears a Versace dress on a red carpet or award show, it catapults the brand’s
popularity and status. Versace’s success can also be attributed to its ability
to evolve with the times. In recent years, the brand has incorporated
sustainability into its designs and production process, using recycled materials
and eco-friendly practices.


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BALENCIAGA



Balenciaga was founded by Cristóbal Balenciaga, a legendary couturier who was
revered by fashion icons like Coco Chanel and Christian Dior. Today, Balenciaga
is owned by the Kering group, which also owns other luxury fashion brands such
as Gucci, Saint Laurent, Bottega Veneta, and Alexander McQueen.

After Cristóbal’s death in 1972, Balenciaga lost some of its former glory.
However, in 2015, Demna Gvasalia took over as creative director and transformed
the brand’s image from haute couture to streetwear. This shift proved to be a
huge success with Balenciaga’s “sock sneakers” and “platform crocs” dominating
the luxury footwear market.

Despite returning to haute couture after 53 years, Balenciaga is also moving
fast into another untapped market – E-sports. The brand has collaborated with
Fortnite to launch skins and virtual clothes, and even released its fall ’21
collection via an interactive game. Balenciaga is embracing digital fashion as
the future and continues to push boundaries in the industry.


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DIOR



Christian Dior is undoubtedly one of the most celebrated fashion designers in
history, and his brand, Dior, is a testament to his legacy. His “New Look”
collection in the 1940s and 1950s revolutionized the fashion industry and marked
a significant turning point in the history of fashion. Since then, Dior has
become a household name, synonymous with luxury, glamour, and sophistication.

One of the key strategies that Dior employs to reinforce its brand image and
legacy is through ambitious exhibitions that showcase its history and heritage.
The recent Christian Dior: Designer of Dreams exhibition in New York City was a
resounding success, attracting thousands of visitors who were captivated by the
brand’s rich history and iconic designs. Similar exhibitions like Esprit Dior
and the 2019 New Look Revolution in London have also been highly successful,
with almost 600,000 people attending the latter.

Apart from its exhibitions, Dior’s success can also be attributed to its strong
presence on social media. With 45 million Instagram followers and 1 billion
views on its WeChat hashtag challenge, Dior is a powerhouse when it comes to
social media marketing. It was also ranked No.1 on Launchmetrics’ media impact
value list, further demonstrating the brand’s influence and reach.

In addition to its fashion line, Dior has also been highly successful in the
beauty industry, with its cosmetic line being a major contributing factor to the
brand’s overall success. With a focus on high-quality products and innovative
packaging, Dior’s beauty line has become a must-have for many consumers around
the world.


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PRADA



Founded in 1913 by Mario Prada, the brand initially started as a small leather
goods store in Milan. However, it wasn’t until the 1980s that Prada became a
household name in the fashion world, thanks to Miuccia Prada, Mario’s
granddaughter, who took over the family business and transformed it into a
global fashion powerhouse.

Prada has a strong presence in the luxury retail market with products, including
clothing, bags, shoes, and accessories, which are sold through its own stores,
as well as through high-end department stores and boutiques. Prada’s ability to
create a consistent brand identity and maintain a high level of quality across
its product lines has contributed to its success and longevity in the industry.

In recent years, the brand has made significant efforts to reduce its carbon
footprint and promote eco-friendly practices. For example, Prada has launched a
sustainable line of nylon products, made from recycled materials, and has
implemented energy-saving measures in its stores and factories.


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GUCCI



Gucci, founded in Florence in 1912, is currently the second most valuable brand
in the world. Although Gucci initially focused on manufacturing luxury bags,
such as the famous Gucci bamboo bag, canvas suitcase, and The Jackie, they only
began making clothing in 1968. Unfortunately, under Maurizio Gucci’s leadership,
the brand almost went bankrupt.

However, in 1994, Tom Ford joined Gucci and transformed the brand into a major
player in luxury fashion. The famous ’95 Fall collection and hypersexual brand
image gave new meaning to the phrase “Sex sells.” Today, Gucci remains a
favorite among Gen Z and millennials, who make up a predicted 40% of the luxury
market by 2035.

Gucci strategically stays at the forefront of pop culture, with everyone from
actor Xiao Zhan and K-pop idols IU and Kai to Harry Styles seen sporting the
brand. As influencers continue to love logomania, Gucci will continue to
dominate the luxury fashion market.


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LOUIS VUITTON



Louis Vuitton, part of the LVMH group, the world’s largest luxury conglomerate
that also owns Dior, Fendi, Givenchy, Tiffany, and 75 other brands, is one of
the most counterfeited brands in the world. This is mainly due to its iconic
designs that have remained relatively unchanged over the 167 years, limited
supply, and a strict “NO SALE” policy. Despite the challenges posed by Covid, LV
reported increased revenue in Q3 of 2020, thanks to its domination in China,
Japan, and Korea – the world’s biggest luxury goods markets. Louis Vuitton has
always been trendy, attracting young consumers by diversifying into streetwear
and implementing a drop model where collections are released with limited stock
and time without prior notice. The brand also uses endorsement deals with the
biggest names in Asia, such as Mulan’s Liu Yifei, Squid Game’s Jung Ho-Yeon,
tennis player Naomi Osaka, and BTS. Through these strategies, Louis Vuitton
continues to remain relevant and popular, especially among younger generations.
The brand’s dominance in the luxury goods market is set to continue as it
continues to diversify and expand into new markets.


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