Gucci and Louis Vuitton are the world’s most valuable luxury fashion brands

louis vuitton  runway   paris fashion week   womenswear spring summer 2021

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Gucci and Louis Vuitton have topped the fashion category of the world’s most valuable luxury brands, according to Brand Finance’s annual report. The fashion houses came in second and third respectively on the general round-up after Porsche, which was ranked the most valuable luxury brand in the world.

The brand valuation consultancy’s annual list ranks businesses based on the overall brand value as well as their power in influencing consumers’ choices, based on criteria including marketing investments, familiarity, loyalty, staff satisfaction and corporate reputation, according to WWD.

Other fashion houses which ranked highly on the list included Cartier in third, Chanel in fourth and Hermès in fifth. Rolex, Dior and Coach also featured in the top 10.

Despite these brands performing well against competitors, the outlook is still predictably bleak following an incredibly difficult year globally as a result of the Covid-19 pandemic. Brand Finance

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St. Louis businessman Fred Kummer makes $300M gift to university

The Kummers’ new gift will be used to establish a school of innovation and entrepreneurship

Missouri University of Science and Technology in Rolla has received a $300 million donation from a St. Louis businessman and his wife that’s the state’s largest-ever gift in higher education.

Fred Kummer, the founder and chairman of St. Louis-based HBE Corp., and his wife, June, made the gift to a new nonprofit, the Kummer Institute Foundation, to support Missouri S&T, the university announced Monday.

The Kummers’ new gift will be used to establish a school of innovation and entrepreneurship, develop new areas for research, provide scholarships and fellowships for students, and bolster the Rolla region’s economy, officials said.

Fred Kummer, 91, built HBE, which he started in 1960, into a leading design-build firm for health care, officials said. He graduated with a degree in civil engineering from Missouri S&T, then known as the Missouri School

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Chanel and Louis Vuitton close Paris fashion week in spectacular style

Chanel went back to the timeless glamour of black and white Hollywood movies while Louis Vuitton embraced a gender neutral future on the last day of Paris fashion week Tuesday.

An army of the world’s top supermodels walked under a huge Hollywood-style sign spelling out Chanel’s name in its biggest catwalk spectacle since designer Virginie Viard took over the fabled French house from Karl Lagerfeld after his death last year.

They included the body positive pin-up, Jill Kortleve, the Dutch model who is a voluptuous size 16 (US size 12).

Covid-19 restrictions may have limited the number of fashionistas allowed into the immense Grand Palais in central Paris, but like the decor, Viard wrote her ambitions large.

Her collection was no less than a grand sweep through the long history of the label founded by Gabrielle “Coco” Chanel, with a giant nod to Chanel’s time in Tinseltown in the 1930s

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