Luxury Handbag Designers Still Tops in Financial Crisis | Louis Vuitton, Hermes, and Gucci Bags Worth Billions

Posted on: May 5

The financial crisis hasn't tainted the allure of our favorite luxury handbags. US magazine Forbes says the top three designer labels have maintained their worth in the face of the credit crunch.

French fashion house Louis Vuitton is still leading the pack with a brand value of $19 billion US. It's streaks ahead of second place getters, Hermes, which has a net worth of $7.8 billion. But it might not be the bag bridesmaid for too long. Gucci is nipping at Hermes' heels with a value of $7.4 billion.

Financial experts say that high-end luxury brands have fared better during the global recession than their mid-market counterparts. They say bagistas would prefer to drop a few thousand dollars on a single investment piece than purchase many cheaper purses.

I'm not sure I agree with that, but I do believe handbag lovers are searching for quality rather than quantity. With newer brands like Botkier and Elliott Lucca creating luxurious leather bags for less, I'm just not sure you need to rely on those iconic labels for that quality.

[Source: CCTV]
[Image Source: Gabyu/Flickr]