According to the ranking of the most valuable clothing and apparel brands in the world, Nike ranked first from 2021 and 2023. In 2023, the American company's brand value amounted to approximately five billion U.S. dollars more than second-placed Luis Vuitton.
The wealthiest person in fashion is Bernard Arnault, the chairman of LVMH, the world's largest maker of luxury goods that's behind brands such as Louis Vuitton, Dom Perignon, Christian Dior, and as of November 2019, Tiffany & Co.
As of 2019, hoodies (67 percent), T-shirts (67 percent), and footwear (66 percent) were the best selling product categories in sportswear for global retailers in this industry.
1. Louis Vuitton. Louis Vuitton (LVMH) is not only the world's most valuable luxury brand, but also one of the most recognizable and influential fashion houses ever.
Marilyn Monroe's 'Happy Birthday Mr President' Gown
The figure-hugging garment, which we saw worn by Kim Kardashian at the 2022 Met Gala continues to remain as the world's most expensive dress ever sold at auction. The gown, designed by Jean Louis, is adorned with over 6000 hand-sewn rhinestones.
At the time of writing, Nike had a market cap of US$167 billion (AU$260 billion). Nike beats out fashion retailer Zara, which comes in second with a score of 9.75. Zara garnered more Google searches, with 386.5 million in the last year, but has a following of 60.9 million on Instagram.
If you want to get into the luxury section, places like Italy, Turkey, France, and the US may be able to produce higher quality clothing. If you want to go for something more mainstream or even sell lower priced clothing your best bets are finding a clothing manufacturer in China, Vietnam, Bangladesh, and India.
LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 124.8 billion U.S. dollars in 2023. The LVMH Group's total revenue for the 2023 fiscal year was about 86 billion euros.
Introduction: My name is Carlyn Walter, I am a lively, glamorous, healthy, clean, powerful, calm, combative person who loves writing and wants to share my knowledge and understanding with you.
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