Two luxury brands that Millennials love the most in the world

In our survey about luxury brands in the world, we found a surprising result. There are two famous brands that Millennials love the most. Its Gucci and LV. These brands have tremendous revenue every year. The customers of these brands are very diverse from popular customers to high-end customers. However, there is a common point between popular customers and high-end customers. Most of them are Millennials.

Millennials contributed much to the sales of Gucci and LV

According to UBS reports, Gucci and LV are two Millennials favorite brands. Our survey was conducted with over 3000 customers in Europe, Asia and the Americas. The results of the survey are given below:

- 85% of sales come from consumers who are from 18 to 35 years old.

- 10% of sales come from consumers who are from 35 to 50 years old.

- 5% of sales comes from other sources.

According to UBS reports, Gucci and LV are Millennials two favorite brands

There is another surprise for you. Customers who make 85% of the sales for these two brands will contribute 45% of total premium expenditure in 2025.

Many customers hope that they earn money enough to pay for luxury items

As you know, the products of luxury brands are very expensive. On average, each customer must earn $2,000 per month or more to pay for these products. However, according to our statistics, there are many customers who own many products of the luxury brands have low income.

As you know, the products of luxury brands are very expensive

This is a reason why so many customers put pressure on their income. High income not only makes their life more comfortable, but also helps them to own the products of the luxury brands easier.

Undeniably, Millennials contributed a lot to the growth of the luxury brands. But, in the future, Millennials may not be the main object of the luxury brands business.