The fashion business has always been one of the most vulnerable businesses. There are many challenges due to unpredictable consumer behavior with movable fashion trends. Many brands have failed whereas many in spite of starting from scratch have reached the milestone. Below list of the top 10 richest fashion brands in the world in 2020:
Louis Vuitton Malletier, commonly referred to as Louis Vuitton or shortened to LV, is a French fashion house and luxury retail company founded in 1854 by Louis Vuitton.
It’s not by chance that the Louis Vuitton logo is set in gold, a color associated with luxury and wealth. The richest fashion label leaves its competitors in the dust, its value nearly twice that of its nearest contender. Louis Vuitton, in fact, is one of Forbes’ ten most valuable brands in the world last year, selling clothing, jewelry, luggage, and perfume.
Hennes & Mauritz AB is a Swedish multinational clothing retail company known for its fast-fashion clothing for men, women, teenagers, and children. H&M operates in 74 countries with over 5,000 stores under the various company brands.
H&M appeals to both haute-couture and off-the-rack markets so well that it made it to our number two place of the richest fashion labels ever. The Swedish retail fashion label is a high-street favorite known for “disposable fashion,” that is, it continuously updates its designs to project a trendsetter look.
Kering is an international group based in Paris that specialized in luxury goods and sustainability. Amongst the brands that Kering owns are Gucci and Yves Saint Laurent. The timber-trading company Pinault S.A. was founded in 1963 by François Pinault.
The signature sells luxury goods and sporting goods, including majority shares in Gucci, Saint Laurent, and Sergio Rossi brands for fashion, and Puma, Cobra Golf, and Volcom for sports. Interestingly, its French founder, Francois Pinault, started the company as far removed from anything fashionable as possible, dabbling in wood trading and electrical materials.
4. The Gap
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. The Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California.
The signature, popular among the younger set, was originally an exclusive retailer for Levi’s until the shop started to sell its own upscale jeans at the expense of Levi’s, seen by many as a “mature” denim brand worn by someone else’s father. The company also owns Banana Republic and Old Navy brands.
5. Christian Dior
Christian Dior SE, commonly known as Dior, is a French luxury goods company controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world’s largest luxury group.
The French fashion house first gained fame for its shapes and silhouettes, creating voluptuous styles as opposed to the boxy shapes in post-war Europe. Today, the femme fatale-inspired House of Dior also caters to men through its Dior Homme division and children via Baby Dior.
It’s one of the top runway brands that produces a wide selection of both haute couture and off-the-rack clothing. Christian Dior is popular for its stylish perfumes and cosmetics, although it also sells luxury watches and jewelry.
Compagnie Financière Richemont SA, also known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jewelry, watches, leather goods, pens, firearms, clothing, and accessories.
Relatively young, Richemont was founded in the eighties selling luxury watches, jewelry, clothing, and leather goods. The Swiss company owns through acquisitions some of the world’s most luxurious fashion brands, such as Baume & Mercier, Jaeger-LeCoultre, IWC, Piaget, and Montblanc.
7. Estée Lauder
ESTĒE LAUDER is an American multinational manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products, based in Midtown Manhattan, New York City.
The company is one of the first fashion labels to offer a wide selection of items, from clothing to perfumes, makeup, and skincare.
8. Phillips-Van Heusen
PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is an American clothing company that owns brands such as Van Heusen, Tommy Hilfiger, Calvin Klein, IZOD, Arrow, Warner’s, Olga, True & Co., and Geoffrey Beene.
The company introduced the world’s first self-folding collar in 1919 and, today, it’s known for high-profile campaigns like David Beckham’s endorsements. The company also supplies neckties for DKNY and Ted Baker.
Coach IP Holdings LLC is an American company specializing in luxury accessories such as handbags. It is the main subsidiary of Tapestry, Inc.
It’s popular among fashionistas and people who love showing off their wealth through luxury items like Coach, which was founded in 1941.
10. Levi Strauss
Levi Strauss & Co. is an American clothing company known worldwide for its Levi’s brand of denim jeans. It was founded in May 1853 when German immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California to open a west coast branch of his brothers’ New York dry goods business.
Rounding up our list is the inventor of jeans. Levi’s is still going strong despite challenges from upstart fashion labels. Today, Levis dominates the international fashion business being one of the top fashion brands in the world.