There now are eight brands selling more than $1 billion each year. Experts say it means big brands are getting bigger and their products are getting pricier.
Victoria Gomelsky is the Editor-in-Chief at JCK Magazine. She specializes in jewelry, watches, travel, and essays, often exploring themes in beauty and fashion, retail, and e-commerce. Her work has been featured in esteemed publications such as The New York Times, Yahoo Finance, and Robb Report.