Every year, consulting firm Millward Brown Optimor takes stock of the global luxury industry and decides who the key players are based on revenue, profits and overall brand value. And every year, Louis Vuitton takes the top spot with a valuation even more massive than the year before. Fashionista.com reports that according to Millward Brown Optimor, Vuitton’s worth was up 23% in 2010 over 2009, a year when it was also the most powerful and wealthy luxury brand on the face of the planet.

That puts its value at over twice that of Hermes, it’s next closest competitor and also a big gainer for 2010 with a 41% jump in valuation. With those kinds of increases, it’s no wonder why it seems as though LVMH, Vuitton’s parent company, might be looking to gobble up the independent French brand. And that’s not the only place on the power list that LVMH makes it’s mark. Spirits megabrands Moet & Chandon and Hennessy, who account for the M and H in the conglomerate’s name, also appear in the top ten. Take a look at the entire list, after the jump.

1. Louis Vuitton
2. Hermes, $11.917 billion
3. Gucci, $7.449 billion
4. Chanel, $6.823 billion
5. Cartier, $5.327 billion
6. Rolex, $5.269 billion
7. Hennessy, $4.997 billion
8. Moet & Chandon, $4.570 billion
9. Fendi, $3.422 billion
10. Burberry, no total valuation listed

Any surprises on this list for you? Conspicuously missing are names like Prada, Dior and Tiffany, who I always assume will show up but often don’t. Tiffany pulled in at number ten on last year’s ranking but was displaced by the advent of Burberry for 2010.

[via Fashionista.com]

P.S. Please consider supporting our small, bag-loving team by clicking our links before shopping or checking out at your favorite online retailers like Amazon, Neiman Marcus, Nordstrom, or any of the listed partners on our shop page. We truly appreciate your support!

Share Your Thoughts With Us

Now Trending

Featured Articles

Outfit Yourself This Valentine’s Day With Bags From Your Favorite Designers
Perfect bag picks to use now and beyond
Fashion Week
Meet the New Handbag Brand That Took NYFW By Storm
You’ll want to keep an eye out for Khaite Luggage come fall
PurseBlog Asks
PurseBlog Asks: What Do You Wish Designers Knew About What You Want in a Bag?
I’m craving simplicity in this world of trendy, Instagram-angled pieces
Join 135,000+ enthusiasts and sign up for our newsletter