Luxury or prestige brands are brands for which a majority of its products are luxury goods. Louis Vuitton is the most valuable luxury brand in the world, with a brand value of about 28.51 billion U.S. dollars. The LVMH Group's total revenue for the 2016 fiscal year was about 37.6 billion euros.

The personal luxury goods industry is expected to continue to grow, especially in the Middle East; the market is expected to increase by 19 percent in 2015 to total about 8.1 billion euros.

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