SOURCE: Luxury Institute

September 06, 2007 11:00 ET

Luxury Institute Survey: High Net-Worth Consumers Rank Berluti, Ferragamo and Prada Sport as the Most Prestigious Men's Shoes

NEW YORK, NY--(Marketwire - September 6, 2007) - High net-worth consumers rated Berluti the most prestigious men's shoe in the 2007 Luxury Brand Status Index (LBSI) survey from the independent New York-based Luxury Institute (www.LuxuryInstitute.com). Ferragamo and Prada Sport were rated second and third, respectively.

Berluti ranked first for a brand that is unique and exclusive, worn by people that are admired and respected and making one feel special across the full customer experience. Additionally, those who would recommend the brand cited its innovative design and styling.

"While a lot of attention is paid to high-end women's shoes, men are also quite discriminating when it comes to their footwear. Not only are they looking for quality and comfort, but want a shoe that has distinctive styling. Men's high ranking of Prada Sport (in third place) indicates that desire for style and flair extends to sport, as well as dress shoes," said Milton Pedraza, CEO of the Luxury Institute.

"As an independent, non-conflicted entity, we go directly to the high net-worth consumer and deliver their collective voice for the benefit of all constituencies. Since this is a highly competitive race for their dollars, it is critically important for an impartial entity to deliver unbiased, consumer-based ratings of the top men's shoes," added Pedraza.

Following are the 18 men's shoe brands that were rated (in alphabetical order):

1.      Alden
2.      Allen Edmonds
3.      Armani
4.      Bally
5.      Berluti
6.      Bruno Magli
7.      Church's
8.      Cole Haan
9.      Dolce & Gabbana
10.     Ermenegildo Zegna
11.     Ferragamo
12.     Gucci
13.     Hugo Boss
14.     Louis Vuitton
15.     Prada
16.     Prada Sport
17.     Ralph Lauren
18.     Tod's

The proprietary Luxury Brand Status Index (LBSI) survey is the only measure of the prestige of leading brands among wealthy Americans. A national sample of over 880 wealthy American men, with an average income of $310K and average net-worth of $3.7 million, was surveyed online. Survey results are weighted to match demographic and net-worth profiles of the same audience according to the latest Survey of Consumer Finances from The Federal Reserve.

About the Luxury Institute

The Luxury Institute is the uniquely independent and impartial ratings, reviews and research institution that is the trusted and respected voice of the high net-worth consumer. The Institute provides a portfolio of proprietary publications and research that guides and educates high net-worth individuals and the companies that cater to them on leading edge trends, high net-worth consumer rankings and ratings of luxury brands, and best practices. The Luxury Institute also operates the Luxury Board (www.luxuryboard.com), the world's first global, membership-based online community for luxury goods and services executives, professionals and entrepreneurs. To reach the Luxury Institute, please call 646-792-2669 or go to www.luxuryinstitute.com.

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