Handbag is a very simple concept that has proved to a great helping hand for almost everyone who uses it. It not only helps you to carry important stuff but also gives a trendy look to your business or casual outfit. It is one of the most profitable and extraordinary business around the world.
These bags are available for almost every section of the society and come in different price range. Some of them are as cheap as a sack of heap and others are as costly as a diamond set. Here are top ten best handbag brands 2020 in the world who have not only set a benchmark but it’s a dream for every person living on this planet to use their product.
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10. Christian Dior
The company was established in the year 1946 and is one of the oldest European handbag companies in the world. Each bag that corresponds to this brand is made not a machine made product, rather it is hand crafted. There is a famous incident connected to this brand which proclaims that Bernadette Chirac was gifted by the first lady of France to Princess Diana and once she was photographed with it, the bag was named after her. As the name suggests the founder of the company was Christian Dior and the current chairman of the company is Bernard Arnault. The revenue of the company is €41.6 billion. The headquarters of the company are situated in Paris, France.
This bestselling handbag brand was established in the year 1856 and is considered one of the best luxurious brand not only across England but also across the world. Apart from handbags this celebrated brand also deals in wear, cosmetics, fashionable accessories and sunglasses. The company was founded by Thomas Burberry and its headquarters are situated in London, UK. The revenue of the company is £2514.7 million. The current chairman of the company is Sir John Peace. This fashion house has served many athletes, musicians, world leaders and notable actors. Christopher Bailey has been serving the company as Chief Creative Officer and CEO since 2014. This celebrated fashion brand has more than 500 stores across the globe.
8. Marc Jacobs
Another fascinating name in the world of fashionable handbags is Marc Jacobs. This is the common name for the company and the head designer of the company. This brand has also been regarded as the most celebrated brand across the brand. The head designer of this famous brand was the creative director for the French design house known as Louis Vuitton for almost 17 years. He also secured a position in the list of top 100 influential people in the world in year 2010. The net worth of this brand is considered around $110. This brand is estimated to have more than 200 retail stores across 80 countries.
The company was founded in the year 1913 and since then it has managed to host 618 boutiques across the globe. The founder of the company was Mario Prada and the name of the company during the early days was Fratelli Prada. Currently the head designer of the company is Miuccia Prada. The CEO and CFO of this celebrated brand are Patrizio Bertelli and Alessandra Cozzani. Apart from exclusive handbags which are known for their designs across the seven continents the company also deals in Clothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, cell phones, wines and watches. The company has 12,500 employees and a net worth of $8.6 billion and its headquarters are situated in Milan, Italy.
This is a celebrated French fashion house which has been the first choice of celebrities for years. The founder of the company is Cristobal Balenciaga. The company was founded in the year 1919 and the headquarters of the company are situated in Paris, France. This celebrated brand is now owned by a French multinational company Kering. Creative director of this brand is Demma Gvasalia. The bags of this brand are manufactured from a a very light , durable and soft leather attached with a mirror and cell phone pockets. This is one of the fastest growing fashion brands in the world.
This is the only synonym for the luxurious handbag brand in the world. This is brand is known for its extraordinary craftsmanship which has always been mesmerising world with its astonishing designs and world class products. It is well known for its lifestyle accessories, leather and lavishness products by virtue of which it has dominated the fashion industry for many years. This French based company was established in the year 1837 by Thierry Hermes. The present CEO of the company is Axel Dumas and Emile Hermes SARL is the chairman of this elegant brand. The revenue of the company is $5.37 billion and the current count of employees in the company corresponds to a sum total of 12,000. Apart from handbags the company also deals in home furnishings, perfumery, jewelry and watches.
4. Gucci Jackie
The sensational bag belonging to this brand never goes out of style. These bags are exclusively handmade in Italy and are considered expensive and best selling. An exclusive shoulder bag was sold for $20,400. The first bag was manufactured in the year 1957 and dominated the fashion industry for almost four decades. It was however redesigned in the year 1999. Both older and new versions of this masterpiece are available in the market. The company was established in the year 1921 by Guccio Gucci and its head quarters are situated in Florence. The current CEO of the company is Marco Bizzarri. The revenue of the company is $4.3 billion.
Its products are a masterpiece personification of stylish and classic handbags. This is regarded as the queen of the luxurious fashion companies in the world. The first ever bag bearing this brand name was made in the year 1955 by Coco Chanel who wanted something stylish and trendy in order to carry her essentials. The prices of this brand increase every year and therefore these bags are very expensive. Despite of its high prices the designs are so magnificent that the sale of the company increases every year. This is a French based company which was founded by Coco Chanel in the year 1909. The revenue of the company is $5.2 billion and its net income is €1.3 billion.
2. Michael Kors
When it comes to top ten fashionable handbag brands in the world this name needs no introduction rather it is the oldest and the most beautiful and elegant companies in the world which has won countless awards. It is considered that these handbags are a dream for almost every woman in the world and are also counted as the most expensive ones in the world. This is an American company which was established in the year 1981 by Michael Kors and its headquarters are situated New York. Mr. John D. Idol is the current Chairman and CEO of this brand. The revenue of the company is $4.71 billion.
1. Kate Spade
Unbeatable for almost a decade this brand leads the list of top ten handbags companies in the world. This is an American brand which delivers the best quality leather products which are known best in almost every continent in the world. These exclusive products have been adding beauty to many musicians, actors and celebrities for many years. This fashion house was founded in the year 1993 by Andy Spade and Kate Spade. Jack Spade is the brand’s line for male version of society. This is a subsidiary brand whose parent company is Kate Spade and Company. This brand has made Kate Spade one of the wealthiest designers in the world with a net worth of $200 million.
Indian handbag industry has grown with pace over the last few years. There was an increase of 43% in online handbags sales from 2011 to 2017. This in turn has also resulted in the increase of e commerce industry in India. In my opinion we need to develop the market so that the sales of Indian handbag companies increase at a faster rate.