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Top 5 Richest Brands In The World - Fashion - Nairaland

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Top 5 Richest Brands In The World by onefortunate(m): 1:56pm On Jan 28, 2021
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.

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