Right from the stone age, humans have draped themselves with some sort of clothing. During the primitive age of human society, humans wore things like leaves, twigs, and even animal skins.
As human civilization began to evolve, the people learned to weave clothes and this is when the apparel industry was born.
Today, the apparel industry is a billion-dollar business and the companies like Louis Vuitton, Gucci and Hermes have a brand value that is equal to the annual budget of many third world countries.
This article ranks the best apparel brands that make millions of dollars every year selling their best products. Let’s take a look at them:
1. Louis Vuitton
With a brand value of $13.6 billion and an annual revenue of $52 billion, Louis Vuitton is the undisputed king of the apparel business. The company is a world-famous name in apparel and luxury fashion and it has a presence in 50 countries with over 468 stores.
So what makesLouis Vuitton such a big brand? The fact that it manufactures only the best clothes for the patrons of high fashion enthusiasts who can afford a bag of $5000 or a dress of $20,000. Louis Vuitton has achieved significant growth in its salesduringthe past several years and it continues to dominate the apparel market in the running year as well.
Gucci is a name that stands for class and exclusivity. The world knows Gucci as a brand that manufactures the top-class apparel and fashion items including its famous leather jacket which sports custom back patches.
Founded by Guccio Gucci in 1921, Gucci is a brand for the elites who have a high taste in fashion. The superior class of this apparel brand is reflected in its every product whether it is its funky casual dresses and opulent suits or the fancy jewelries and flashy shoes.
Gucci has grown into a multibillion brandwith a brand value of $10 billion and it has an annual revenue of over $7 billion.
This French apparel and luxury fashion brand manufactures everything from casual clothing and suits to jewelry and shoes. What make this brand stand out are the element of style and class that creates an elegant persona of the wearer. Chanel deals both in ready-to-wear clothing and couture suiting.
However, it is the exquisite tailoring of this brand that makes it a favorite of women including the biggies in Hollywood and showbiz industry. Stars like Cameron Diaz, Celine Dion, Gwen Stefani and Blake Lively have a fondness for this high fashion brand. These celebrities sport their red carpet looks wearing the Armani.
But Chanel is not the brand for just the classes and it is equally popular in the masses and people from every age and taste like to buy from this brand. Chanel has an annual revenue of more than $9 billion.
The oldest brand in apparel business, Hermes is rocking the clothing industry since 1837. The logo of Hermes was designed in 1950s and still represents this brand in international markets. The brand uses the custom patches of Hermes on many of its products and it has become a symbol of excellence in the apparel market.
Hermes has the best leather-made products which it manufactures for people who have interest in apparel, home furnishing and lifestyle accessories. Over the years, Hermes has become an iconic apparel brand for fashion enthusiasts who want to wear opulent ready-to-wear garments and accessories that include shirts, pants, shoes, watches and perfumes.
Hermes is a highly profitable business with an annual revenue of more than $6 billion. Hermes is a family business and all the family members involved in the business are listed among the wealthiest people in the world.
Mario Prada founded Prada in 1913 as a company that sells leather goods. Little did he know that it would become one of the top-selling businesses in apparel and fashion business. The company saw rapid growth in its sales after Miuccia Prada, the grand-daughter of Mario Prada, joined the company in 1970.
She introduced the nylon bags and backpacks in the new line of products and they became staple products of this Italian brand.
Prada has stores in every region of the world where it sells apparels and accessories for both men and women. The brand is famous for its use of high-quality fabric and basic colors in its line of clothes. This clothing brand has an annual revenue of more than $3 billion.
Burberry is one of the oldest fashion brands that exists today. And it has preserved the quality of its apparels as it is still the top-ranked apparel company in the world. Burberry made its way into clothing business in 1856 as a company that sells outerwear garments.
Burberry is known for inventing the gabardine which is a chief material in its famous trench coats. It is a big fashion house that sells high-end apparels, cosmetics, handbags, jackets and shoes. The company has a presence in more than 50 countries where it operates more than 500 stores. Burberry has a whopping annual revenue of $3 billion.
Italy rules the world of fashion and Fendi is another brand that adds to the revenue of fashion industry in this country. This brand is particularly famous for its fur products. And it has many other staple clothing pieces that attract the people from every region.
It has a worldwide clientele who loves the top-class handbags created by this company including the famous baguette that is ranked among the most iconic handbags for women and is used by celebrities like Emma Stone, Sarah Jessica Parker and Olivia Palermo.
The genius Karl Lagerfeld was the creative director of the company who created designs for the female apparels of the brand. It has evolved as one of the top-selling apparel and luxury fashion brands since 2001 and has an annual revenue of more than $1 billion.
Versace was launched in 1978 by Gianni Versace as clothing brand. The company expanded rapidly after 1982 when it included jewelries, accessories and home furnishing stuff in its brand. From then on, it continued to top the ranks of best clothing and fashion brands. In 1994, Versace got worldwide popularity for its black Versace dress worn by Elizabeth Hurley. It earned a reputation among the bigwigs in showbiz industries and celebrities like Michael Jackson, Madonna and Elton John became the poster faces of Versace.
Versace was also a favorite of the royals like Princess Diana and Princess Caroline became who became the patron of the designs of this Italian apparel company. The company suffered a major setback in the year 1997 when Gianni Versace was found dead in his home. Santo Versace, the brother of the designer, took over as CEO of Versace and it achieved greater heights of success under his leadership. Today, Versace sells exclusive fashion dresses and accessories various regions of the world. Versace has an annual revenue of $760 million. Apparel business is an ever-evolving industry. Since the history of apparel industry, its growth has increased multifold and it continues to be a highly profitable industry in today’s world.