List: Louis Vuitton Recognized as Top Luxury Brand

Millward Brown Optimor has released its annual list of the World’s Most Powerful Brands and its chock full of luxury brands. Garnering the No. 1 spot in luxury for a sixth consecutive time: Louis Vuitton. The brand, owned by Paris-based LVMH Moet Hennessy Louis Vuitton, has a value of $24.3 billion, an increase of 23 per cent from 2010, according to Millward Brown Optimor’s 2011 BrandZ study.

Here's a look at the top 10:

1) Louis Vuitton

2) Hermès

3) Gucci

4) Chanel

5) Cartier

6) Rolex

7) Hennessy

8) Moët & Chandon

9) Fendi

10) Burberry