The apparel market in the U.S. holds the biggest market share in the world as it accounts for a total of 28% of the overall global traded that is equivalent to about $331 billion annually. With all the transactions of purchases in the world, this accounts to the growing riches of the clothing companies as well.Listed below are the richest clothing and fashion brands in the world. These companies also hold the largest share in the market so it’s inevitable that they end up with a massive net worth.
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10 Levi Strauss ($4.67 billion)
Levi Strauss & Co. is among the most valuable clothing brand in the United States and they are widely known for their Levi’s brand of denim jeans. The company was founded by German-Jewish immigrant Levi Strauss in May 1853. He moved to San Francisco, California to open a West Coast branch of his brother’s dry goods business that was initially opened in New York.
9 Lululemon ($6.5 Billion)
Lululemon is a widely known brand for their yoga and athleisure outfits. The company was founded in 1998 by Chip Wilson in Vancouver, Canada. The compay is one of the richest clothing brand in the world with about $39.8 billion net worth. This is not surprising since the brand became synonymous to yoga and athleisure and the yoga-inspired athletic apparel for men and women has a pretty strong market share.The company even made a revenue of $5.85 billion in 2021 alone and it does not seem to decrease as they continue to increase their popularity.
8 Phillips-Van Heusen ($6.04 billion)
Phillips-Van Heusen Corporation is now called PVH Corp. and is the clothing line that owns the prominent brands such as Calvin Klein, Warner’s, Tommy Hilfiger, Olga and True & Co. The company was founded by Endel Phillips, and Moses Phillips in 1881. The company reported a massive net income of $952 million in 2021.PVH Corp was the first one to introduce the self-folding collar in 1919 and is now widely known for their high profile ad campaigns that involves prominent celebrities like David Beckham. They are also supplying neckties to brands like Ted Baker and DKNY.
7 Estée Lauder ($9.71 billion)
6 Richemont ($11.83 billion)
5 Dior ($11.91 billion)
Dior was founded by Christian Ernest Dior in 1946, although technically, Dior considers 1947 as their year of conception since that was the year the brand released their first collection. Dior is widely known for their fragrant perfumes, fancy cosmetics as well as their luxury bags, jewelries and bags.
The French fashion house first gained recognition after they started selling voluptuous styles of silhouttes as opposed to the famous boxy shapes during the post war in Europe.
4 Gap ($15.65 billion)
3 Kering ($15.70 billion)
Kering is a multinational corporation that was founded by François Pinault in 1963. The company specializes in luxury goods and owns the luxury brands Gucci, Balenciaga, Bottega Veneta, Yves Saint Laurent and Alexander McQueen. In 2019, the company reported a massive revenue of $14.16 billion.
2 H&M ($18.82 billion)
H&M is one of the most popular clothing brands in the world and they have perfectly targeted both the elites and the middle class section of the market. The multinational company was founded by Erling Persson in 1947 in Sweden.H&M is one of the fast fashion icons in the market that caters to men, women, teenagers and children. The company currently has a massive market share and reported a revenue of $24.8 billion in 2019.
1 LVMH ($37.14 billion)
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Sources: Finances Online, Forbes, LVMH
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