The fashion industry is a major contributor to the global economy, and some brands have managed to stand out by consistently turning a profit. In this article, we take a look at the top 10 most profitable fashion brands in the world, examining their financials, success, and the secrets behind their enduring profitability.
1. Louis Vuitton
Louis Vuitton, a subsidiary of LVMH Moët Hennessy Louis Vuitton, has enjoyed sustained success since its founding in 1854. In 2020, LVMH reported total revenues of €44.7 billion, with the fashion and leather goods division contributing €21.2 billion. Louis Vuitton’s strong emphasis on quality and craftsmanship has solidified its position as a top choice for affluent consumers.
The Louis Vuitton Speedy Bag, particularly the monogram canvas version, is one of the brand’s all-time bestsellers. This classic handbag has remained popular for decades due to its versatile design and iconic monogram pattern.
Louis Vuitton – LVMH Moët Hennessy Louis Vuitton: https://www.lvmh.com/
Chanel remains a powerhouse in the fashion industry, with reported revenues of $10.1 billion in 2019. Its timeless designs, such as the little black dress and the iconic Chanel No. 5 perfume, have made the brand synonymous with elegance and sophistication. A steadfast commitment to innovation and maintaining the brand’s heritage has helped Chanel maintain profitability.
The Chanel Classic Flap Bag is a bestseller and a true icon in the fashion world. Another top-selling product is the Chanel No. 5 perfume, which has been a global favorite since its creation in 1921.
Owned by Kering Group, Gucci is an Italian luxury brand with a diverse product range. In 2020, Kering reported total revenues of €13.1 billion, with Gucci contributing €7.4 billion. The brand’s unique designs and attention to detail have garnered a devoted following and a reputation for luxury.
The Gucci GG Marmont Bag, featuring the double G logo, is one of the brand’s best-selling items. This bag’s design offers a modern and fresh take on the classic Gucci aesthetic.
Gucci – Kering Group: https://www.kering.com/
Prada reported total revenues of €2.4 billion in 2020, showcasing its ability to maintain profitability in a challenging year for the fashion industry. With a focus on quality materials, sleek design, and innovation, the brand has built a solid reputation in the world of fashion.
The Prada Galleria Bag, also known as the Saffiano Lux Tote, is a bestseller for the brand. Its structured design, durable Saffiano leather, and timeless appeal have made it a popular choice among fashion enthusiasts.
Hermès, founded in 1837, is a luxury brand with a long-standing history of profitability. In 2020, the company reported total revenues of €6.4 billion. With iconic products such as the Birkin and Kelly bags, Hermès has become a symbol of status and wealth for many consumers.
The Hermès Birkin Bag is undoubtedly the brand’s best-selling and most iconic product. This exclusive, handcrafted bag is a symbol of luxury and status, with a waiting list and a price tag to match.
The British luxury fashion house Burberry reported total revenues of £2.6 billion ($3.6 billion) in its 2020 fiscal year. Known for its signature check pattern and iconic trench coats, the brand has expanded into various product lines, including clothing, accessories, and fragrances.
The Burberry Trench Coat is the brand’s bestseller and signature product. This classic, versatile, and timeless coat is a staple in many wardrobes and has been popular for over a century.
7. Ralph Lauren
Ralph Lauren, founded in 1967, is an American fashion brand with a wide range of products. In the fiscal year 2020, Ralph Lauren reported total revenues of $6.2 billion. Its ability to combine traditional American style with modern trends has made Ralph Lauren a profitable and enduring brand.
The Ralph Lauren Polo Shirt is the brand’s best-selling item. This classic, preppy shirt with the iconic Polo logo has been a wardrobe staple for many since its introduction in the 1970s.
Ralph Lauren: https://www.ralphlauren.com/
Dior, another subsidiary of LVMH, reported total revenues of €2 billion in 2020. The brand’s commitment to quality and innovation has helped it maintain a strong and profitable presence in the fashion world.
The Lady Dior Bag is a bestseller for the brand, named in honor of Princess Diana. Its elegant design, cannage quilting, and signature charms have made it a favorite among luxury handbag lovers. Additionally, Dior’s J’adore perfume is another best-selling product.
Dior – LVMH Moët Hennessy Louis Vuitton: https://www.lvmh.com/
Versace, acquired by Capri Holdings Limited in 2018, contributed €818 million to Capri’s total revenues of €5.6 billion in the fiscal year 2020. Despite facing challenges in the past, Versace’s bold, glamorous, and often provocative designs have kept it profitable.
Versace’s Medusa Logo T-Shirt is a popular item from the brand, featuring its iconic Medusa head logo. Versace’s Baroque print, often featured on clothing and accessories, is also a bestseller for the brand.
Versace – Capri Holdings Limited: https://www.capriholdings.com/
10. Yves Saint Laurent
Yves Saint Laurent (YSL), also owned by Kering Group, reported total revenues of €2 billion in 2020. The brand’s distinct style and commitment to innovation have helped it maintain a profitable position in the fashion industry.
The YSL Tribute Sandals have been a bestseller for the brand since their introduction in 2004. The brand’s signature handbag, the YSL Monogram Bag, featuring the iconic YSL logo, is another top-selling item.
Yves Saint Laurent – Kering Group: https://www.kering.com/