Interesting facts about luxury brands you don’t know

Written by Ritika Nath | February 02nd 2023 05:34 PM | Updated: February 02nd 2023 05:34 PM

Louis Vuitton burns all its unsold bags – When it comes to luxury, Louis Vuitton comes first in mind. Another French brand, LV is one of the most valuable luxury brands that was founded in 1854 by Louis Vuitton. The brand produces ready-to-wear clothes, shoes, accessories, and the most demanding leather goods(bags) in the world with its LV monogram. Strangely, at the end of the year, LV use to burn all its bags instead of recycling new products or selling them at a much lower price, not out of shame or any other reason, but to maintain its exclusivity for what the brand is known for.

Pants were introduced by Chanel- France-based luxury powerhouse Chanel was founded in 1910 by Coco Chanel in Paris. The brand specializes in ready-to-wear woman's clothing, accessories, and A-class perfumes. Today it is a company with a total revenue of US $ 15.6 billion. The ultra-luxury brand was the first ever initiator to change the course of women in fashion. Coco Chanel changed the pattern of women wearing corsets and skirts to buttoned shirts and wide pants. The designer wanted the bodies of the women to breathe and move freely in accordance with women’s sartorial fashion liberation.

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Versace changed the history of the internet –the ever-classic Italian luxury brand, Versace was founded by Gianni Versace in 1978. The brand with its medusa logo is known for flashy prints, bright colors, and goth features. Early 2000s Versace jungle dress worn by Jennifer Lopez to the Grammy’s had shaken the internet from the roots. The unreal green dress led to the creation of Google’s search image function. Lopez was surely an impetus that implanted Google’s most demanding feature.