Louis Vuitton, Chanel's value up despite slowing sales in market

Paris

LOUIS Vuitton and Chanel were the only big luxury brands to increase in value last year as the industry grappled with slowing sales in China and Russia, research company Millward Brown said on Wednesday in the 2015 BrandZ study.

Vuitton gained 6 per cent to US$27.4 billion, placing LVMH Moet Hennessy Louis Vuitton SE's biggest brand atop the luxury ranking for the 10th straight year. Chanel's value rose 15 per cent to US$9 billion, propelling it to fourth in the list behind second-place Hermes and Kering SA's Gucci.