20 World’s Biggest Fashion Companies– Based on the annual report in 2020 and 2022, there are 20 World’s Biggest Fashion Companies with billion dollars of income and assets. Commonly, they are the biggest company with diversified and high-class products. Maybe many customers hunt their products and sacrifice a large amount of money to buy their products.
As a human, some of us has different standard about fashion. It depends on lifestyle, economic factors, habits, social factors, and culture. With distinct aspects in global, each region has different fashions habits. Of course, the market of fashion is very wide across the country.
Fashion is a dynamic world, full of challenges and competition. Historically, New, or old brands, senior or junior designers are always faced with the same challenge to produce quality products that can be sold. The fashion Industries has become a lifestyle to humans. From time to time, there is a new breakthrough and innovation with the lifestyle. Overall, this company has its identity of products. Many consumers fell in love with their products. Here are the 20 World’s Biggest Fashion Companies.
The Rank of 20 World’s Biggest Fashion Companies Based on Net Income in 2022
| Rank | Name of Companies | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | Louis Vuitton | 79.1 Billion Euro | 89.3 Billion US Dollar | 14.7 Billion Euro | 16.6 Billion US Dollar |
| 2 | Nike | 51.2 Billion US Dollar | 51.2 Billion US Dollar | 5 Billion US Dollar | 5 Billion US Dollar |
| 3 | Inditex | 32.5 Billion Euro | 36.7 Billion US Dollar | 4.1 Billion Euro | 4.6 Billion US Dollar |
| 4 | Prada | 7.3 billion Euro | 8.2 billion US Dollar | 3.8 billion Euro | 4.2 billion US Dollar |
| 5 | Kering | 20.3 Billion Euro | 22.9 Billion US Dollar | 3.6 Billion Euro | 4 Billion US Dollar |
| 6 | Hermes | 11.6 billion Euro | 13.1 billion US Dollar | 3.3 billion Euro | 3.7 billion US Dollar |
| 7 | TJX | 49.9 Billion US Dollar | 49.9 Billion US Dollar | 3.4 Billion US Dollar | 3.4 Billion US Dollar |
| 8 | EssilorLuxottica | 24.4 Billion Euro | 27.5 Billion US Dollar | 2.8 Billion Euro | 3.1 Billion US Dollar |
| 9 | Fast Retailing | 16.5 billion US Dollar | 16.5 billion US Dollar | 2 billion US Dollar | 2 billion US Dollar |
| 10 | Ross Stores | 18.6 billion US Dollar | 18.6 billion US Dollar | 1.5 billion US Dollar | 1.5 billion US Dollar |
| 11 | El Corte Inglés Group | 14 billion Euro | 15.82 billion US Dollar | 0.88 billion Euro | 0.99 billion US Dollar |
| 12 | Adidas | 22.5 Billion Euro | 25.4 Billion US Dollar | 0.612 Billion Euro | 0.68 Billion US Dollar |
| 13 | Li-Ning | 25.8 billion RMB | 4.1 billion US Dollar | 4 billion RMB | 0.64 billion US Dollar |
| 14 | Ralp Lauren | 6.4 billion US Dollar | 6.4 billion US Dollar | 0.52 billion US Dollar | 0.52 billion US Dollar |
| 15 | Puma | 8.4 billion Euro | 9.4 billion US Dollar | 0.42 billion Euro | 0.47 billion US Dollar |
| 16 | Fila | 4.2 Trillion KRW | 3.5 billion US Dollar | 467 Brillion KRW | 0.39 billion US Dollar |
| 17 | Under Armour | 5.9 billion US Dollar | 5.9 billion US Dollar | 0.38 billion US Dollar | 0.38 billion US Dollar |
| 18 | Victoria Secret & Co | 6.3 billion US Dollar | 6.3 billion US Dollar | 0.34 billion US Dollar | 0.34 billion US Dollar |
| 19 | H&M | 223 billion SEK | 24.5 billion US Dollar | 3.5 billion SEK | 0.38 billion US Dollar |
| 20 | Richemont | 19.5 Billion Euro | 22 Billion US Dollar | 0.3 Billion Euro | 0.33 Billion US Dollar |
| 21 | Hugo Boss | 3.6 Billion Euro | 4 Billion US Dollar | 0.221 Billion Euro | 0.24 Billion US Dollar |
| 22 | PVH | 9 billion US Dollar | 9 billion US Dollar | 0.2 billion US Dollar | 0.2 billion US Dollar |
| 23 | VF | 11.6 billion US Dollar | 11.6 billion US Dollar | 0.11 billion US Dollar | 0.11 billion US Dollar |
| Source : Annual Report, 2022 | |||||
| Currency Rates : | |||||
| 1 Euro = 1.13 US Dollar (USD) | |||||
| 1 Yuan Renminbi (CNY) = 0.16 US Dollar (USD) | |||||
| 1 Korean Won (KRW) = 0.00085 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0089 US Dollar (USD) | |||||
| 1 Swedish Krona (SEK) = 0.11 US Dollar (USD) | |||||
| Origin Currency – The Currency that Officially Used in Annual Report of 2022 | |||||
| US Dollar- The Converted Currency from Origin Currency to US Dollar With Currency Standart Above | |||||
The Rank of 20 World’s Biggest Fashion Companies Based on Net Income in 2020
| Rank | Name of Company | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | Louis Vuitton | 44.6 Billion Euro | 50.3 Billion US Dollar | 4.7 Billion Euro | 5.3 Billion US Dollar |
| 2 | Nike | 37.4 billion US Dollar | 37.4 billion US Dollar | 2.5 billion US Dollar | 2.5 billion US Dollar |
| 3 | Kering | 13.1 Billion Euro | 14.8 Billion US Dollar | 2.1 Billion Euro | 2.3 Billion US Dollar |
| 4 | Christian Dior | 44.6 Billion Euro | 50.3 Billion US Dollar | 1.9 Billion Euro | 2.1 Billion US Dollar |
| 5 | Hermes | 6.3 Billion Euro | 7.1 Billion US Dollar | 1.3 Billion Euro | 1.4 Billion US Dollar |
| 6 | Chanel | 10.1 Billion US Dollar | 10.1 Billion US Dollar | 1.3 Billion US Dollar | 1.3 Billion US Dollar |
| 7 | Inditex | 20.4 Billion Euro | 23 Billion US Dollar | 1.1 Billion Euro | 1.2 Billion US Dollar |
| 8 | Richemont | 14.2 Billion Euro | 16 Billion US Dollar | 0.93 Billion Euro | 1 Billion US Dollar |
| 9 | L Brands | 11.8 Billion US Dollar | 11.8 Billion US Dollar | 844 Million US Dollar | 844 Million US Dollar |
| 10 | Fast Retailing | 2 Trillion Yen | 17 Billion US Dollar | 90.3 Billion Yen | 803 Million US Dollar |
| 11 | Adidas | 19.8 billion Euro | 23.3 billion US Dollar | 443 million Euro | 522 million US Dollar |
| 12 | VF | 9.2 Billion US Dollar | 9.2 Billion US Dollar | 407 Million US Dollar | 407 Million US Dollar |
| 13 | Li-Ning | 14.4 billion RMB | 2.3 billion US Dollar | 1.6 billion RMB | 256 million US Dollar |
| 14 | FILA | 3.1 Trilion KRW | 2.8 billion US Dollar | 197 billion KRW | 179 million US Dollar |
| 15 | Exilor Luxotttica Group | 14.4 Billion Euro | 16.2 Billion US Dollar | 149 Million Euro | 168 Billion US Dollar |
| 16 | Puma | 5.3 billion euro | 6.2 billion US Dollar | 123 million Euro | 138 million US Dollar |
| 17 | H&M | 187 Billion SEK | 20 Billion US Dollar | 1.2 Billion SEK | 132 Million US Dollar |
| 18 | TJX | 32.1 Billion US Dollar | 32.1 Billion US Dollar | 90.4 Million US Dollar | 90.4 Million US Dollar |
| 19 | Ross Stores | 12.5 Billion US Dollar | 12.5 Billion US Dollar | 85 Million US Dollar | 85 Million US Dollar |
| 20 | Prada | 2.4 Billion Euro | 2.7 Billion US Dollar | (-54 Million Euro) | (-61 Million US Dollar) |
| 21 | Ralp Lauren | 4.4 Billion US Dollar | 4.4 Billion US Dollar | (-121 Million US Dollar) | (-121 Million US Dollar) |
| 22 | Hugo Boss | 1.9 Billion Euro | 2.1 Billion US Dollar | (-219 Million Euro) | (-247 Million US Dollar) |
| 23 | Under Armour | 4.4 billion US Dollar | 4.4 billion US Dollar | (-549 million Dollar) | (-549 million Dollar) |
| 24 | PVH | 6.7 Billlion US Dollar | 6.7 Billlion US Dollar | (-1.1 Billion US Dollar ) | (-1.1 Billion US Dollar ) |
| 25 | El Corte Ingles Grup | 10.4 Billion Euro | 11.7 Billion US Dollar | (-2.9 Billion Euro) | (-3.2 Billion US Dollar) |
| Currency Rate : | |||||
| 1 Euro = 1.13 US Dollar (USD) | |||||
| 1 Yuan Renminbi (CNY) = 0.16 US Dollar (USD) | |||||
| 1 Korean Won (KRW) = 0.00085 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0089 US Dollar (USD) | |||||
| 1 Swedish Krona (SEK) = 0.11 US Dollar (USD) | |||||
As additional data, we also presented some of the statistical numbers of assets and liabilities. These variables are obtained from the balance sheet of each company in the Annual report of 2020 and 2022. The rank of the company is based on the assets that the company had in 2020 and 2022.
The Rank of 20 World’s Biggest Fashion Companies Based on Assets in 2022
| Rank | Name of Companies | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | Louis Vuitton | 135 billion Euro | 152 billion US Dollar | 77 billion Euro | 87 billion US Dollar |
| 2 | EssilorLuxottica | 60.5 billion Euro | 68.3 billion US Dollar | 22.4 billion Euro | 25.3 billion US Dollar |
| 3 | Richemont | 40.8 billion Euro | 46 billion US Dollar | 21.8 billion Euro | 24.6 billion US Dollar |
| 4 | Kering | 33.9 billion Euro | 38 billion US Dollar | 19.2 billion Euro | 21.6 billion US Dollar |
| 5 | Nike | 37.5 billion US Dollar | 37.5 billion US Dollar | 23.5 billion US Dollar | 23.5 billion US Dollar |
| 6 | Inditex | 29.9 billion Euro | 33.7 billion US Dollar | 12.9 billion Euro | 14.5 billion US Dollar |
| 7 | TJX | 28.3 billion US Dollar | 28.3 billion US Dollar | 22 billion US Dollar | 22 billion US Dollar |
| 8 | Adidas | 20.2 billion Euro | 22.8 billion US Dollar | 15.3 billion Euro | 17.2 billion US Dollar |
| 9 | H&M | 182 billion SEK | 20 billion US Dollar | 131 billion SEK | 14 billion US Dollar |
| 10 | Hermes | 17.4 billion Euro | 19.6 billion US Dollar | 4.9 billion Euro | 5.5 billion US Dollar |
| 11 | El Corte Inglés Group | 14.2 billion Euro | 16 billion US Dollar | 7.6 billion Euro | 8.5 billion US Dollar |
| 12 | Fast Retailing | 15.7 billion US Dollar | 15.7 billion US Dollar | 11.3 billion US Dollar | 11.3 billion US Dollar |
| 13 | VF | 13.9 billion US Dollar | 13.9 billion US Dollar | 11 billion US Dollar | 11 billion US Dollar |
| 14 | Ross Stores | 13.4 billion US Dollar | 13.4 billion US Dollar | 9.1 billion US Dollar | 9.1 billion US Dollar |
| 15 | PVH | 11.7 billion US Dollar | 11.7 billion US Dollar | 6.7 billion US Dollar | 6.7 billion US Dollar |
| 16 | Puma | 6.7 billion Euro | 7.5 billion US Dollar | 4.1 billion Euro | 4.6 billion US Dollar |
| 17 | Ralp Lauren | 6.7 billion US Dollar | 6.7 billion US Dollar | 4.3 billion US Dollar | 4.3 billion US Dollar |
| 18 | Li-Ning | 33.6 billion RMB | 5.3 billion US Dollar | 9.3 billion RMB | 1.4 billion US Dollar |
| 19 | Under Armour | 4.8 billion US Dollar | 4.8 billion US Dollar | 2.8 billion US Dollar | 2.8 billion US Dollar |
| 20 | Victoria Secret & Co | 4.7 billion US Dollar | 4.7 billion US Dollar | 4.3 billion US Dollar | 4.3 billion US Dollar |
| 21 | Prada | 4.2 billion Euro | 4.7 billion US Dollar | 0.46 billion Euro | 0.51 billion US Dollar |
| 22 | Fila | 4.8 Trillion KRW | 4 billion US Dollar | 2.2 Trillion KRW | 1.8 billion US Dollar |
| 23 | Hugo Boss | 3.1 Billion Euro | 3.5 billion US Dollar | 1.9 Billion Euro | 2.1 billion US Dollar |
| Source : Annual Report, 2022 | |||||
| Currency Rates : | |||||
| 1 Euro = 1.13 US Dollar (USD) | |||||
| 1 Yuan Renminbi (CNY) = 0.16 US Dollar (USD) | |||||
| 1 Korean Won (KRW) = 0.00085 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0089 US Dollar (USD) | |||||
| 1 Swedish Krona (SEK) = 0.11 US Dollar (USD) | |||||
| Origin Currency – The Currency that Officially Used in Annual Report of 2022 | |||||
| US Dollar- The Converted Currency from Origin Currency to US Dollar With Currency Standart Above | |||||
The Rank of 20 World’s Biggest Fashion Companies Based on Assets in 2020
| Rank | Name of Company | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | Louis Vuitton | 108.6 Billion Euro | 122 Billion US Dollar | 69.8 Billion Euro | 78 Billion US Dollar |
| 2 | Christian Dior | 106 Billion Euro | 119 Billion US Dollar | 69 Billion Euro | 77.9 Billion US Dollar |
| 3 | Exilor Luxotttica Group | 52.3 Billion Euro | 59 Billion US Dollar | 19.4 Billion Euro | 21.9 Billion US Dollar |
| 4 | Richemont | 30.4 Billion Euro | 34 Billion US Dollar | 13.2 Billion Euro | 14.9 Billion US Dollar |
| 5 | Nike | 31.3 billion US Dollar | 31.3 billion US Dollar | 23.8 billion US Dollar | 23.8 billion US Dollar |
| 6 | Kering | 28 Billion Euro | 31 Billion US Dollar | 15.9 Billion Euro | 17.9 Billion US Dollar |
| 7 | TJX | 30.8 Billion US Dollar | 30.8 Billion US Dollar | 25 Billion US Dollar | 25 Billion US Dollar |
| 8 | Inditex | 26.4 Billion Euro | 29 Billion US Dollar | 11.8 Billion Euro | 13.3 Billion US Dollar |
| 9 | Adidas | 21 billion Euro | 24.78 billion US Dollar | 14 billion Euro | 16.5 billion US Dollar |
| 10 | Fast Retailing | 2.4 Trillion Yen | 21 Billion US Dollar | 1.5 Trillion Yen | 13 Billion US Dollar |
| 11 | H&M | 174.3 Billion SEK | 19.1 Billion US Dollar | 119.7 Billion SEK | 13.1 Billion US Dollar |
| 12 | El Corte Ingles Grup | 15.4 Billion Euro | 17.4 Billion US Dollar | 9.8 Billion Euro | 11 Billion US Dollar |
| 13 | VF | 13.7 Billion US Dollar | 13.7 Billion US Dollar | 10.6 Billion US Dollar | 10.6 Billion US Dollar |
| 14 | PVH | 13.2 Billion US Dollar | 13.2 Billion US Dollar | 8.5 Billion US Dollar | 8.5 Billion US Dollar |
| 14 | Ross Stores | 12.7 Billion US Dollar | 12.7 Billion US Dollar | 9.4 Billion US Dollar | 9.4 Billion US Dollar |
| 15 | Hermes | 11 Billion Euro | 12.43 Billion US Dollar | 3.7 Billion Euro | 4.1 Billion US Dollar |
| 16 | L Brands | 11.5 Billion US Dollar | 11.5 Billion US Dollar | 12.1 Billion US Dollar | 12.1 Billion US Dollar |
| 17 | Ralp Lauren | 7.8 Billion US Dollar | 7.8 Billion US Dollar | 5.2 Billion US Dollar | 5.2 Billion US Dollar |
| 18 | Prada | 6.5 Billion Euro | 7.3 Billion US Dollar | 3.6 Billion Euro | 4 Billion US Dollar |
| 19 | Puma | 4.6 billion Euro | 5.4 billion US Dollar | 2.9 billion Euro | 3.4 billion US Dollar |
| 20 | Under Armour | 5 billion US Dollar | 5 billion US Dollar | 3.3 billion US Dollar | 3.3 billion US Dollar |
| 21 | Fila | 3.7 Trillion KRW | 3.3 billion US Dollar | 1.9 Trillion KRW | 1.7 billion US Dollar |
| 22 | Li-Ning | 14.5 billion RMB | 2.2 billion US Dollar | 5.9 billion RMB | 0.9 Billion US Dollar |
| 23 | Hugo Boss | 2.5 Billion Euro | 2.8 Billion US Dollar | 1.8 Billion Euro | 2 Billion US Dollar |
| Currency Rate : | |||||
| 1 Euro = 1.13 US Dollar (USD) | |||||
| 1 Yuan Renminbi (CNY) = 0.16 US Dollar (USD) | |||||
| 1 Korean Won (KRW) = 0.00085 US Dollar (USD) | |||||
| 1 Japanese Yen (JPY) = 0.0089 US Dollar (USD) | |||||
| 1 Swedish Krona (SEK) = 0.11 US Dollar (USD) | |||||
Brief Description of 20 World’s Biggest Fashion Companies
1. LVMH Moët Hennessy Louis Vuitton
LVMH Moët Hennessy Louis Vuitton or commonly known as LMVH is founded in 1987 through the merger of the fashion house Luis Vuitton (Founded in 1854) and Moet Hennessy (Founded in 1971). Along with the development of its business, this company has around 150 thousand employees in the world with more than one thousand suppliers of its products.
As a global company, LVMH has some outstanding brands in some Sectors. These sectors are Wine and Spirit, Fashion and Leather goods, Perfume and Cosmetics, Watches, and Jewellery. In the Fashion and leather sectors, this company has diversified brands of fashion and leather goods. these brands include Berluti, Celine, Christian Dior, Emilio Pucci, Fendi, Givenchy, JW Anderson, Kenzo, Loewe, Loro Piana, Louis Vuitton, Marc Jacobs, Moynat, Off-White, Patou, Phoebe Philo, Rimowa, Stella McCartney, and others. Financially, in 2020, the company generates revenue of 44.6 billion Euro or equivalent to 50.3 billion US Dollars with Net income reaching 4.7 billion Euro equivalent to 5.3 billion US Dollar.
In 2022, according to the Annual Report of the fashion companies, Louis Vuitton’s assets had become 135 billion Euro / 152 billion US Dollar with liabilities around 77 billion Euro / 87 billion US Dollar. Based on the business performance, Louis Vuitton gained revenue 79.1 billion Euro with net income around Louis Vuitton 14.7 billion Euro / 16.6 billion US Dollar
2. Christian Dior
Christian Dior SE commonly known as Dior, is a French luxury fashion company founded on December 16th, 1946. Based on the ownership, this company is controlled by one of the wealthiest men in the world, Bernard Arnault. Overall, in 2020, this company generates revenue of 44.6 billion Euro or equivalent to 50.3 billion US Dollar and net income reach 1.9 billion Euro or equivalent to 2.1 billion US Dollar.
3. Luxottica Group
EssilorLuxottica is a global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. Historically, this company was founded in October 1St, 2018 by the merger between the Italian Luxottica and the French Essilor. Nowadays, this company has over 72,000 employees in 85 countries. Financially, the company generates revenue of 14.4 billion Euro equivalent to 16.2 billion US Dollar, and net income reach 149 million Euro equivalent to 168 billion US Dollar.
Based on the portfolio prodcuts, EssiloLuxottica has some brands. The lens brands of Essilor Luxottiva are Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, and Barberini. Meanwhile, the brand of eyewear of EssilorLuxitoca was Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Alain Mikli, Costa, Native Eyewear, and Bolon.
EssilorLuxottica Group is still performing well in 2022. According to the Balance sheet in 2022, the EssilorLuxottica’s assets had become 60.5 billion Euro / 68.3 billion US Dollar with Liabilities around 22.4 billion Euro / 25.3 billion US Dollar. Based on the business performance, EsillorLuxoticca gained revenue around 24.4 billion Euro / 27.5 billion US Dollar and Net Income 2.8 billion Euro / 3.1 billion US Dollar.
4. Richemont
Compagnie Financière Richemont S.A., is one of the luxury goods companies founded in Geneva, Switzerland in 1988 Commonly, this company manages some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, and Montblanc. Along with the development of its business, the total number of employees of this company reaches thirty-five thousand people. Financially, in 2020, the company generates revenue of 14.2 billion Euro or equivalent to 16 billion US Dollar and net income reach 0.93 billion Euro equivalent to 1 billion US Dollar.
Richemont in 2022 was in positive performance. The assets of the company reached 40.8 billion Euro / 46 billion US Dollar with Liabilities around 21.8 billion Euro / 24.6 billion US Dollar. In the business performance, Richemont’s revenue reached 19.5 billion Euro / 22 billion US Dollars and gained Net Income around 0.3 billion Euro / 0.33 billion US Dollar.
5. Nike
Nike, Inc. is an American multinational company that has many diversified products of sports fashions. Historically, this company was founded by Bill Bowerman and Phil Knight in January 1964. Officially, this company has a primary office in Beaverton, Oregon, USA. Financially, in 2020, this company generates revenue of 37.4 billion US dollars, or equivalent to 37.4 billion US dollars, and Net Income of 2.5 billion US dollars equivalent to 2.5 billion US dollars.
Nike in 2022 is still in good positions and performance. Nike’s Assets was 37.5 billion US Dollar with Liabilities around 23.5 billion US Dollar. Based on the business performance in 2022, Nike gained revenue around 51.2 billion US Dollar and Net Income around 5 billion US Dollar.
6. Kering
Kering is a French multinational corporation that has diversified luxury goods Founded by François Pinault in 1963. This company owns the luxury brands, namely Balenciaga, Bottega Veneta, Gucci, Alexander McQueen, Yves Saint Laurent. Officially, this company has a primary office in forty rue de Sèvres, Paris 7e, France with a total of employees reach thirty-eight thousand people. Financially, this company generates revenue of 13.1 billion Euro or equivalent to 14.8 billion US Dollar and net income reach 2.1 billion Euro or equivalent to 2.3 billion US Dollar.
Furthermore, in 2022, Kering’ assets had become 33.9 billion Euro / 38 billion US Dollar with Liabilities around 19.2 billion Euro / 21.6 billion US Dollar. Based on the business performance in 2022, The Kering gained revenue around 20.3 billion Euro / 22.9 billion US Dollar with Net Income around 3.6 billion Euro / 4 billion US Dollar.
7. TJX
The TJX Companies, Inc. is an American multinational company with diversified fashion products. Historically, this company was founded in 1987 by Bernard Cammarata. Along with the development of the company, total employees of this company reach 270 thousand. Financially, in 2020, the company generates revenue of 32.1 billion US Dollar, and net income reach 90.4 million US Dollar.
In 2022, TJX had Assets around 28.3 billion US Dollar with Liabilities 22 billion US Dollar. Furthermore, the business performance is still in good condition with gained Revenue around 49.9 billion US Dollar and net income 3.4 billion US Dollar.
8. Inditex
Inditex is one of the biggest fashion companies in the world with 96 Stores and 216 areas of marketing products. Founded in 1963, this company has advanced to be a global player with a total employee of 162 thousand. This company has some outstanding fashion brands, namely Zara (Zara + Zara Home), Pull&Bear, Massimo Dutti, Bershka, Stradivarius, and Uterqüe. Financially, this company generates revenue of 20.4 billion Euro equivalent to 23 billion US Dollars and Net Income 1.1 billion Euro equivalent to 1.2 billion US Dollar.
In the Year of 2022, Inditex has assets about 29.9 billion Euro / 33.7 billion US Dollar with Liabilities around 12.9 billion Euro / 14.5 billion US Dollar. According to the Income statement of the company in 2022, Inditex gained revenue 32.5 billion Euro / 36.7 billion US Dollar with Net Income around 4.1 billion Euro / 4.6 billion US Dollar.
9. Adidas
Adidas AG is one of the biggest sports apparel from Germany. Founded by Adolf Dassler in 1949, this company has become a global player in Sports Industries. In 2020, financially, this company generates revenue of 19.8 billion Euro or equivalent to 23.3 billion US Dollars, and net income reaches 443 million Euro equivalent to 522 million US Dollar.
In the Year of 2022, Adidas had Assets around 20.2 billion Euro / 22.8 billion US Dollar and Liabilities around 15.3 billion Euro / 17.2 billion US Dollar. Based on the business performance in 2022, Adidas gained revenue around 22.5 billion Euro / 25.4 billion US Dollar with Net Income around 0.612 billion Euro / 0.68 billion US Dollar.
10. Fast Retailing
Fast Retailing is a Japanese Fashion company that was founded by Ogori Shoji in March 1949. In the beginning, the name of the company is Ogori Shoji Co., Ltd. and it changed to Fast Retailing Co., Ltd in 1991. Along with the company’s business, Fast Retailing has multiple fashion brands including UNIQLO, GU, and Theory. Financially, in 2020, the company generates revenue of two trillion Yen or equivalent to 17 billion US Dollars, and net income reaches 90.3 billion Yen or equivalent to 803 million US Dollars.
Fast Retailing also had good conditions in 2022, The Assets of Fast Retailing reached 15.7 billion US Dollar with Liabilities around 11.3 billion US Dollar. According to the Income Statement in 2022, Fast Retailing got revenue around 16.5 billion US Dollar and Net Income around 2 billion US Dollar.
11.H&M
Hennes & Mauritz or commonly known as H&M is a global fashion company that comes from Stockholm, Sweden. Historically, this company was founded in 1947. Along with business development, the company has employees of around 126 thousand people and has some brands, namely H&M and H&M HOME, COS, Weekday, and Monki. Financially, this company generates revenue of 187 billion SEK or equivalent to 20 billion US Dollar and net income reach 1.2 billion SEK or equivalent to 132 million US Dollar.
H&M has assets around 182 billion SEK / 20 billion US Dollar and Liabilities around 131 billion SEK / 14 billion US Dollar. Based on the business performance in 2022, H&M gained revenue 223 billion SEK / 24.5 billion US Dollar with Net income around 3.5 billion SEK / 0.38 billion US Dollar.
12.El Corte Ingles Grup
El Corte Inglés S.A. is a global company from Spain that has headquarter in Madrid. Financially, in 2020, the revenue of the company reaches 10.4 billion Euro or equivalent to 11.7 billion US Dollars but suffered a net Loss of around -2.9 Billion Euro or equivalent to -3.2 Billion US Dollar.
El Corte Inglés Group had assets around 14.2 billion Euro / 16 billion US Dollar with Liabilities around 7.6 billion Euro / 8.5 billion US Dollar. Based on the business performance in 2022, El Corte got revenue 14 billion Euro / 15.82 billion US Dollar with Net Income around 0.88 billion Euro / 0.99 billion US Dollar.
13.VF
Vanity Fair Corporation or VF Corporation is a Global fashion company from the United States of America. Founded in 1899, this company has become a global company with fifty thousand employees and has numerous brands, namely JanSport, Eastpak, Timberland, and North Face brands, and Vans. Financially, in 2020, the company generates revenue of 9.2 billion US dollars, and net income reach 407 million US dollars.
In the year of 2022, VF had assets around 13.9 billion US Dollar and Liabilities around 11 billion US Dollar. Based on business performance in 2022, The VF gained revenue 11.6 billion US Dollar with net income around 0.11 billion US Dollar.
14.PVH
PVH Corp. or the Phillips-Van Heusen Corporation is an American clothing company that owns brands such as Tommy Hilfiger, Calvin Klein, IZOD, Arrow. Founded in 1881, the company has advanced as a global company with nineteen thousand employees. Financially, in 2020, the revenue company reach 6.7 billion US dollars but suffered a net loss of around 1.1 billion US dollars.
In the Year of 2022, PVH got assets around 11.7 billion US Dollar with liabilities around 6.7 billion US Dollar. Based on the business performance in 2022, the PVH got revenue around 9 billion US Dollar with net income around 0.2 billion US Dollar.
15. Ross Stores
Ross Stores, Inc., is a fashion company that has headquarter in Dublin, California, USA. Historically, this company was founded in 1982 by Morris Ross and Bill Isackson. Financially, in 2020, the company generates revenue of 12.5 billion US dollars, and net income reaches 85 million US dollars.
Ross Stores had assets around 13.4 billion US Dollar with Liabilities around 9.1 billion US Dollar. Based on the business performance in 2022, the Ross Stores got revenue around 18.6 billion US Dollar and Net Income around 1.5 billion US Dollar
16. Hermes
Hermès began its business adventure in 1837 when the harness-maker Thierry Hermès opened a workshop in rue Basse-du-Rempart in Paris. As of 31 December 2020, Hermès had 306 stores worldwide and fourteen thousand employees. Financially, in 2020, the company generates revenue of 6.3 billion Euro equivalent to 7.1 billion US Dollar and net income reach 1.3 billion Euro equivalent to 1.4 billion US Dollar.
In the Year of 2022, Hermes has assets around 17.4 billion Euro / 19.6 billion US Dollar with Liabilities around 4.9 billion Euro / 5.5 billion US Dollar. Based on the business performance in 2022, the revenue of Hermes was 11.6 billion Euro / 13.1 billion US Dollar and Net Income around 3.3 billion Euro / 3.7 billion US Dollar.
17. Victoria’s Secret & Co
L Brands is American that was founded by Leslie H. Wexner in 1963. This company sells some fashions products. Financially, in 2020, the revenue of the company reaches 11.8 billion US dollars and net income reach 844 million US dollars. In February 2020, L Brands sold Victoria’s Secret division to Sycamore Partners.So, in this Article of 2022, we just showed the Victoria’s Secret Business.
Victoria Secret & Co had assets around 4.7 billion US Dollar with liabilities around 4.3 billion US Dollar. Based on the business performance in 2022, Victoria Secret & Co gained revenue 6.3 billion US Dollar with Net Income around 0.34 billion US Dollar.
18. Ralph Lauren
Founded in 1967 by Ralph Lauren, this company is a global leader in the design, marketing, and distribution of premium lifestyle products, including apparel, footwear, accessories, home furnishings, fragrances, and hospitality. Along with the business company, this company has 548 retail stores and 650 concession-based shop-within shops. Financially, this company generates revenue of 4.4 billion US dollars but suffered a net loss of -121 Million US dollars.
In the year of 2022, Ralph Lauren had assets around 6.7 billion US Dollar with Liabilities around 4.3 billion US Dollar. Based on the business performance in 2022, Ralph Lauren got revenue around 6.4 billion US Dollar with Net income around 0.52 billion US Dollar.
19. Prada
Founded in 1913, Prada Group’s adventures in business begin when Mario Prada opened an exclusive store in the Galleria Vittorio Emanuele II, Milan, selling handbags, travel trunks, beauty cases, tasteful accessories, jewelry, and other luxury items. In 2020, financially, the revenue of the company reaches 2.4 billion Euro or equivalent to 2.7 billion US Dollars but suffered net loss of around -54 Million Euro or equivalent to -61 Million US Dollar.
In 2022, Prada has got assets around 4.2 billion Euro / 4.7 billion US Dollar with Liabilities around 0.46 billion Euro / 0.51 billion US Dollar. Based on the business performance in 2022, The Prada gained revenue around 7.3 billion Euro / 8.2 billion US Dollar and Net Income around 3.8 billion Euro / 4.2 billion US Dollar.
20. Puma
Puma is a Global Sport fashion company based in Herzogenaurach, Germany. Historically, this company was founded in 1924 by Rudolf Dassler. In 2020, financially, the revenue of puma reaches 5.3-billion-euro or equivalent to 6.2 billion US Dollar, and net income reach 123 million Euro equivalent to 138 million US Dollar.
In 2022, Puma has assets around 6.7 billion Euro / 7.5 billion US Dollar with Liabilities around 4.1 billion Euro / 4.6 billion US Dollar. Based on the business performance in 2022, Puma gained revenue around 8.4 billion Euro / 9.4 billion US Dollar and Net Income around 0.42 billion Euro / 0.47 billion US Dollar.
21. Under Armour
Under Armour, Inc. is an American sports fashion company that was founded by Kevin Plank in 1996. As a global company, the employee of this company reaches sixteen thousand people. Financially, in 2020, the revenue of the company reaches 4.4 billion US dollars but suffered a net loss of around -549 million dollars.
Under Armour in 2022 is still in good condition and performance. The assets of Under Armour reached 4.8 billion US Dollar with Liabilities around 2.8 billion US Dollar. Based on the business performance in 2022, the Under Armour’s revenue around 5.9 billion US Dollar and Net Income around 0.38 billion US Dollar
22. Fila
Fila Holdings is a South Korean sportswear manufacturer that designs shoes and apparel founded by Ettore and Giansevero Fila in 1911 in Biella, Piedmont, Italy. As a global player and with lifelong experience in the sports fashion business, this company generates revenue of 3.1 trillion KRW or equivalent to 2.8 billion US dollars and net income of around 197 billion KRW or equivalent to 179 million US dollars.
Menawhile in 2022, Fila had assets of 4.8 trillion KRW / 4 billion US Dollar with Liabilities around 2.2 trillion KRW / 1.8 billion US Dollar. Based on the business performance in 2022, the FILA got the revenue around 4.2 trillion KRW / 3.5 billion US Dollar and Net Income around 467 Brillion KRW / 0.39 billion US Dollar.
23. Li-Ning
Li-Ning Company Limited is a Chinese sportswear company founded by former Olympic gymnast Li Ning in 1989. Financially, in 2020, the revenue of the company reaches revenue 14.4 billion RMB equivalent to 2.3 billion US dollars, and net income 1.6 billion RMB equivalent to 256 million US dollars.
Furthermore, in 2022, Li-Ning has assets around 33.6 billion RMB / 5.3 billion US Dollar with liabilities around 9.3 billion RMB / 1.4 billion US Dollar. Based on the business performance in 2022, Li-Ning got the revenue around 25.8 billion RMB / 4.1 billion US Dollar with Net income around 4 billion RMB / 0.64 billion US Dollar.
24. Hugo Boss
Hugo Boss AG is a German fashion company that has a central office in Meiningen, Baden-Württemberg. In 2020, financially, the revenue of the company reaches 1.9 billion Euro equivalent to 2.1 billion US Dollar but suffered a net loss of around -219 Million Euro equivalent to -247 Million US Dollar.
Menawhile in 2022, Hugo Boss got the assets around 3.1 billion Euro / 3.5 billion US Dollar with Liabilities around 1.9 billion Euro / 2.1 billion US Dollar. Based on the business performance in 2022, Hugo Boss’s revenue reached 3.6 billion Euro / 4 billion US Dollar and Net income was 0.221 billion Euro / 0.24 billion US Dollar/ 89.3 billion US Dollar.
25. Chanel
Chanel is a global company of fashion that was founded in 1909 by Coco Chanel. Officially, the company has a primary office in Neuilly-sur-Seine, France. Along with business development, the company has twenty thousand employees. Financially, in 2020, the revenue of the company reaches 10.1 billion US dollars and net income reaches 1.3 billion US dollars.
Furthermore, in 2022, This company was still in good business performance. Chanel’s revenue reached 17.2 Billion US Dollar with Net Income around 4.5 Billion US Dollar.
The Summary of 20 Largest Fashion Companies in 2022 Based on Assets and Net Income
Bibliography of 20 World’s Biggest Fashion Companies
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Nike. Annual report 2022. Accessed via https://investors.nike.com/investors/news-events-and-reports/default.aspx on March 30th, 2023
Kering. Annual report 2022. Accessed via https://www.kering.com/en/finance/publications/ on March 30th, 2023
Christian Dior. Annual report 2022. Accessed via https://www.dior-finance.com/en/accueil-EN on March 30th, 2023
Hermes. Annual report 2022. Accessed via https://finance.hermes.com/en/key-figures on March 30th, 2023
Chanel. Annual report 2022. Accessed via https://www.chanel.com/us/financial-results/ on March 30th, 2023
Inditex. Annual report 2022. Accessed via https://www.inditex.com/investors/investor-relations/annual-reports on March 30th, 2023
Richemont. Annual report 2022. Accessed via https://www.richemont.com/en/home/investors/results-reports-presentations/ on March 30th, 2023
L Brands. Annual report 2022. Accessed via http://investors.lb.com/financial-information/annual-reports-proxy on March 30th, 2023
Fast Retailing. Annual report 2022. Accessed via https://www.fastretailing.com/eng/ir/library/annual.html on December 12th, 2021
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Puma. Annual report 2022. Accessed via https://about.puma.com/en/investor-relations/financial-reports on March 30th, 2023
H&M. Annual report 2022. Accessed via https://hmgroup.com/about-us/corporate-governance/annual-report/ on December 12th, 2021
TJX. Annual report 2022. Accessed via https://www.tjx.com/investors/financial-information/annual-report on March 30th, 2023
Ross Stores. Annual report 2022. Accessed via https://investors.rossstores.com/financial-information/annual-reports on March 30th, 2023
Prada. Annual report 2022. Accessed via https://www.pradagroup.com/en/investors/investor-relations/results-presentations.html on March 30th, 2023
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Under Armour. Annual report 2022. Accessed via https://about.underarmour.com/investor-relations/financials/annual-reports on March 30th, 2023
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