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    Thu, 23 May, 2013, 5:03 AM EDT - Canadian Markets open in 4 hrs 27 mins

    World's 8 best luxury brands

    In ranking the world's most valuable luxury brands in 2012, the experts at Interbrand took into account three factors: 1) financial performance of the branded products or service; 2) role of brand in the purchase decision process; and 3) overall strength of the brand.

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    1. 1. Louis Vuitton (France)
      Position in Global 100: 17 // Value: $23.557 billion // +2%


      Louis Vuitton’s continued success can be attributed to consistently upholding its core values and remaining loyal to its travel-centric heritage. In addition to its partnership of the 2012 America’s Cup, Louis Vuitton has also improved its digital presence — from charting its history on Facebook to launching an app that enables customers to share travel ... more 
      1. Louis Vuitton (France)
      Position in Global 100: 17 // Value: $23.557 billion // +2%


      Louis Vuitton’s continued success can be attributed to consistently upholding its core values and remaining loyal to its travel-centric heritage. In addition to its partnership of the 2012 America’s Cup, Louis Vuitton has also improved its digital presence — from charting its history on Facebook to launching an app that enables customers to share travel experiences. The brand remains committed to engaging new markets, making it the top gift brand for the Chinese luxury consumer this year.

      The brand also made its first foray into fragrance in decades with the announced launch of a signature scent by legendary perfumer Jacques Cavallier-Belletrud. Over time, this progressive expansion could prove to be a successful direction for the luxury brand, or it could be to the detriment of its exclusivity and perceived authenticity. If Louis Vuitton strikes the right balance between scale and desirability, however, there is no doubt that its position as one of the world’s premier luxury brands will remain strong.

      MORE RELATED TO THIS STORY
      —Photos: China loves its luxury brands
      —The naughty reason China luxury sales may stall
      —World's 26 best global brands less 

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    1. Yahoo! Finance Canada logo Wed, 3 Oct, 2012 2:00 PM EDT

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