Let us see which global textile industries had claimed the top spots after the unpredictable turmoil of the coronavirus pandemic that caused stores to close their doors and eCommerce to boom. The top ten largest textile companies globally based on their market value as of January 2021.
TJX Companies. Framingham, MA, USA with market value $81.99 billion and annual revenues of $32.137 billion. The company comprises seven retail chains and four eCommerce sites, and it retails apparel and home fashions worldwide. TJX operates over 4,500 stores across nine countries on three continents. Businesses falling under TJX Companies include T.J. Maxx, Marshalls, Homegoods, Sierra, Homesense, and T.K. Maxx. The company was founded in 1977 when the first T.J. Maxx opened its doors.
Toray Industries. Chuo City, Tokyo, Japan with market value of $9.49 billion and annual revenue of $17.706 billion. Toray’s operations are organized into the following segments: fibers and textiles, carbon fiber composite materials, functional chemicals, life science, environment and engineering, and “others,” giving it an extremely diverse portfolio across various industries. The company was established in 1926 and now operates in twenty-nine countries as of March 2020. Toray is one of the world’s largest carbon fiber producers and remains one of Japan’s largest producers of synthetic fiber.
V.F. Corporation. Denver, CO, USA market value $33.21 billion, annual revenue $9.239 billion. Formerly known as Vanity Fair Mills, V.F. Corporation was founded in 1899, giving it a long and rich history of over 120+ years. V.F. has manufactured textiles in many different capacities, from silk lingerie in the early 1900s to becoming one of the largest jean makers in the world in the 1980s. V.F. has acquired familiar brands such as Wrangler, The North Face, Eagle Creek, and many others over the years. Today, V.F. has more than 30 brands organized into outdoor, active, and work categories.
Zalando SE. Berlin, Germany market value $27.58 billion, annual revenue $8.269 billion is a multinational eCommerce company that offers clothing, sports products, bags, footwear, and other accessories in seventeen countries. It’s considered one of Europe’s top textile companies. Today, the company operates in seventeen countries and is focused on building infrastructure to sustain a growing digital market for fashion.
Under Armour. Baltimore, MD, USA market value $7.28 billion, annual revenue $4.475 billion is a well-known brand in the US activewear industry. The company produces footwear, sportswear, sports equipment, and toiletries.
Lululemon Athletica. Vancouver, Canada market value $45.35 billion, annual revenue $4.402 billion. Lululemon Athletica is a Canadian textile company specializing in yoga and activewear and general sports apparel and accessories. It was founded in 1998 as a design studio by day and a yoga studio by night until it became a standalone store in 2000. The very first designs were made for women to wear for yoga.
Ralph Lauren Corporation. New York, NY, USA market value $7.58 billion annual revenue $4.401 billion. Lauren Corporation is a global leader in apparel, accessories, home, and fragrances. The company is known for producing high-end luxury products with brand names like Polo that are widely recognized worldwide. Ralph Lauren became an American cultural icon, and even though he stepped down from his CEO position in 2015, his brand continues to be a fierce contender on the global stage.
Prada. Milan, Italy market value $16.90 billion annual revenue $3.48 billion. Prada is a well-known, high-end brand name. The company produces luxury products such as leather handbags, perfumes, shoes, cosmetics, eyewear, watches, and other fashion products. Prada has established itself as one of the most iconic fashion brands in history, and it remains one of the world’s largest textile companies today.
Shenzhou International Group Holdings. Ningbo, Zhejiang, China Market Value (Jan 2021): $29.47 billion. Shenzhou International Group Holdings is a clothing manufacturer based in China. The company claims that it is the “largest vertically integrated knitwear manufacturer in China.” It manages the production, dyeing, finishing, printing, embroidering, cutting, and sewing of knitwear and other fabric-related materials in addition to providing packing and logistic services.
PVH Corporation. New York, NY, USA Market Value (Jan 2021): $6.68 billion 2021 Annual Revenue: N/A Formerly known as the Phillips-Van Heusen Corporation, PVH operates in over forty countries and focuses on producing high-quality fashion and lifestyle products. The company owns well-known brands including Van Heusen, Tommy Hilfiger, Calvin Klein, Geoffrey Beene, and others. PVH has nine brands and operates more than six thousand retail locations in over forty countries. It also manages more than two thousand factories.
