Italian Handbag Brands Industry Overview
The top 10 Italian handbag brands are famous bag brands in Italy with a global presence in the handbag industry. The handbag market is dominated by large Italian bag brands. However, in recent years many private Italian handbag brands have entered the leather handbag industry. The top 10 Italian handbag brands contributed immensely to help Italy rank as the largest leather bag manufacturing countries in the world. Italy is famous for their high-quality bag products and Italian leather bag brands are regarded as the best in the world. The global market for handbags was estimated to be over $65,000 million in 2017 and is expected to grow at a CAGR of over 10% for the next five years to surpass $100,00 million by 2022. The growth of the top 10 Italian handbag brands is driven by the high demand for Italian leather bag brands coupled with an increase in disposable income for consumers to afford premium handbags.
As per internet world statistics, handbag brands made in italy are the world’s most searched handbag brands on the net. If we will have to look at the world handbag affinity index, then out of every 1000 internet users in the UK, 422 users are searching for either luxury handbag brands or Italian handbag brands. Similar trends are followed in the USA, France, Italy, Germany, Japan, Brazil, and India. Out of top 50 handbag brands in the world. More than 13 brands are from Italy, which clearly reflects the brand value associated with the customers and brands.
Following is the List of the Top 10 Italian Handbag Brands
1. Armani
Armani is a leading leather handbag fashion company with a global presence and is renowned as a high-end and top-quality leather handbag manufacturer. This famous Italian handbag brand was founded in 1975 by Giorgio Armani and has its headquarters at Milan, Italy. This group of leading Italian bags brands had an annual sales revenue of more than $3.6 billion in 2017. Armani, the famous bag brands in Italy has over 200 outlets spread across more than 30 countries in the world and has around seven subsidiaries operating in the global market. Armani is one of the world’s most bought handbag brands made in Italy.
Revenue: $3.6 Billion
2. Dolce & Gabbana
Dolce & Gabbana is among the most well-known handbag brands made in Italy. This famous fashion house was established in 1985 by Domenico Dolce and Stefano Gabbana and is headquartered in Milan, Italy. This global Italian leather bags brand was estimated to have had a consolidated sales revenue of around $ 1.3 billion in 2017 and employed more than 4,000 employees globally with a network of over 320 stores around the world. This Italian handbag brand; D&G has various subsidiaries operating in New York, Hong Kong, Sao Paulo, Tokyo, and Shanghai to cater to the international markets.
Revenue: $1.3 Billion
3. Furla
Furla is a renowned leather handbag manufacturing company with an international presence as one of the best Italian leather bags brands in the world. This top 10 Italian handbag brand was founded in 1927 by the Furlanetto family of Italy and has its headquarters in Bologna, Italy. This leading Italian bags brand has five subsidiaries operating in France, the USA, China, Korea, and Japan. This top Italian leather bag brands more than 400 stores across the world and possesses a distribution network that spans over a thousand departmental multi-brand point-of-sale stores all over the globe. Furla has become one of the top handbag brands made in Italy in no time.
Revenue: $600 Million
4. Gucci
Gucci is a top Italian handbag brand with a diversified fashion apparel and accessories portfolio including leather bags, handbags, totes, and many other high-quality products. This top 10 Italian handbag brand was launched in 1921 by Guccio Gucci as a small-scale Italian leather bags brands and the head office is located in Florence, Italy. This top Italian bags brands has an annual turnover of over $5 billion as of 2017 and is present at more than 550 locations across the globe. This famous bag company launched an incredibly successful digital marketing campaign in 2016, which earned the Gucci company a social media value of over $60 million and 30% increase in revenues.
Revenue: $5 Billion
5. Braccialini
Braccialini is a famed Italian handbag brand in the world and was founded in the year 1954 by Carla and Roberto Braccialini with a small workshop of few handful four employees and is headquartered in Florence, Italy. Presently, this top 10 Italian handbag brands has operations in over 40 countries in the world including 52 single-brand outlets across the globe. This leading Italian bags brands also has unique boutiques in over ten countries including the US, France, the UAE, China, Greece, and Russia. This famous bag brands in Italy also exports premium quality handbags to more than 60 countries across the world. Braccialini is a brand associated with celebrities and businesswomen who are looking for handbag brands made in Italy.
Revenue: $200 Million
6. Fendi
Fendi is one of the top 10 Italian handbag brands in the world and produces a variety of luxury leather products and accessories. This top Italian handbag brand was established at Rome in 1925 By Adele and Edoardo Fendi. This handbag company regularly features on the top Italian handbag brands list. This Italian bags brand has an annual revenue of more $1.5 billion and over 200 owned stores across the globe. This famous bag brands in Italy is highly famed for its baguette collection that was launched in 1997 and was very popular during the 1990’s and 2000’s. Fendi is a brand of high-fashion handbags.
Revenue: $1.5 Billion
7. Benetton
Benetton is another of the leading Italian bags brands and one of the most well-known fashion brands in the world. This top 10 Italian handbag brands was founded in 1965 by Luciano Benetton and is headquartered in Ponzano Veneto, Italy. This best Italian handbag brand has a strong distribution network of more than 5,000 owned stores in the essential international marketplaces in the world. Benetton, which is considered as a large Italian leather bags brand had an annual turnover of around $2 billion in 2017 and is considered one of the most fashionable Italian handbag brands.
Revenue: $2 Billion
8. Prada
Prada is one of top 10 Italian handbag brands with a prominent global presence and regularly ranking in the top Italian handbag brands list. This leading Italian bags brand was founded in 1913 by Mario Prada and Martino Prada as small leather products shop in Milan, Italy. Prada is deemed as one of the most original Italian leather bags brands and also has one of the top-quality nylon tote bags as a best-selling product. This famous bag brand in Italy has an annual sales revenue of around $4 billion with more than 600 boutiques and outlets across the globe employing over 12,000 employees in the world.
Revenue: $4 Billion
9. TOD’s Group
TOD’s is one of the leading Italian handbag brands for both men and women and manufactures luxury leather bags and shoes. This Italian leather bags brand was established in 1920 by Filippo Della Valle and is headquartered at Sant’Elpido a Mare, Italy. This well-known Italian handbag manufacturer has four popular subsidiary brands owned by the TOD’s Group, and this one of best Italian handbag brands had an annual sales revenue of about $1 billion in the last financial year employing more than 4,000 employees worldwide at over 200 international stores.
Revenue: $1 Billion
10. Valentino SpA
Valentino SpA is one of the top 10 Italian handbag brands in the world with a distinguished presence in the Italian leather bags brands industry. This top handbag manufacturer featured prominently in the best Italian handbag brands list and was founded in 1960 by Valentino Garavani and Giancarlo Giammetti with its headquarters in Rome, Italy. Currently, this famous bag brand in Italy is a part of the Valentino Fashion Group and is owned by Mayhoola Investments LLC of the State of Qatar. This leading handbag company who’s handbag brands made in Italy had an annual sales revenue of more than $1 billion in 2017.
Revenue: $1 Billion
Future Direction of the Handbag Brands Made in Italy
The global market for leather handbag companies has stiff competition owing to the high demand for premium quality handbags from international fashion markets. The top 10 Italian handbag brands are continually upgrading their product lines and bringing the latest fashion trends to attract the global consumer. The booming e-commerce and online retailing sector will most likely boost the prospects of the top leather handbag companies in the coming few years. Most of the Italian bag brands that feature on the best Italian handbag brands list are making their presence felt on various digital platforms and social media channels to enhance their global market reach and sale revenues. As the competition will continue to intensify, the market will witness the best Italian leather bag brands coming out with the most trendy and high-quality premium leather products to meet the changing tastes and growing demand of the new age consumers. Handbag brands made in Italy have always been in trend with the consumers across the globe.
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