At one point of our lives, almost everyone of us must have probably walked into a luxury shop or boutique to purchase an expensive item (clothing, dress, jewelry,care products, cosmetics, etc), we must have spent a fortune on those items. After we’ve left, someone else definitely walked in and purchased an item or two as well. This happens everyday, people never stop walking in to get an expensive item.
Have you ever wondered how much these fashion brands make on a daily basis, or annually? Do you know their networth? This article will open your eyes and mind to these information, so next time you walk into any shop to purchase one of their items, you remember how much they worth.
1. LVHM: Worth $37.14 Billion
Whenever you hear the words “Luois Vuitton,” what comes to mind, no doubt, is luxury.
Hennessy Louis Vuitton, commonly known as LVMH is a French multinational, multibillion-dollar corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established after the 1971 merger between the champagne producer Moët & Chandon and the cognac producer Hennessy.
LV is a brand associated with people of affluent, their productions range from clothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, watches, to wines.
So, next time you’re buying an item with the brand’s logo on it, be sure your credit card is loaded because their products sell for really high prices, making them the richest brand in the world.
2. H&M: Worth $18.82 Billion
Hennes & Mauritz AB is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers and children. According to 2019 analysis, H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. Due to their pricing, a handful of people prefer to shop from H&M.
3. Kering: Worth $15.65 Billion
Starting off as the timber-trading company Pinault S.A. , Kering (later name) was founded in 1963 by François Pinault. After the company was quoted on Euronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994, and the luxury group Kering in 2013. The group is a constituent of the CAC 40 since 1995. François-Henri Pinault is President and CEO of Kering since 2005.
Kering is a name everyone wants to be recognized with because of the their interest in and commitment to luxury goods.
4. GAP: Worth $15.65 Billion
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer.
With a revenue of US$16.6 billion, an operating income of US$1.479 billion (2017) and a net income of US$848 million (2017), GAP has rising drastically to becoming a top tier brand in the world, holding one of the highest gross among its competitors. Their products include apparel, accessories and personal care products.
5. Christian Dior: Worth $11.91 Billion
Christian Dior SE, simply known as Dior, is a French luxury goods company and is popular for its stylish perfumes and cosmetic products. It first gained fame for its shapes and silhouettes, creating voluptuous styles as opposed to the boxy shapes in post-war Europe. It might also interest you that Dior holds 42.36% shares of LVMH.
A good way of portraying wealth and luxury is fashion. Millions of people, if not billions of people, on a daily basis spend billions of dollars on fashion items, if you want to be one of those who would love to lavish their money on luxury, just shop from any of these fashion brands.