Luxury brands are high-end companies that produce premium products, often characterized by superior quality, craftsmanship, and exclusivity. These brands typically offer items such as clothing, accessories, and cosmetics, and they are known for their prestigious reputation and high price points. Examples include Chanel, Gucci, and Louis Vuitton. The appeal of luxury brands often lies in their ability to convey status and sophistication. Consumers are drawn to these brands not only for their products but also for the lifestyle and image they represent. Luxury brands often invest heavily in marketing and branding to maintain their elite status and attract affluent customers.