Brand Finance has published a new report that revealed the most valuable fashion brands in the world based on factors such as financial performance and growth rates.
The top five brands include a mix of luxury and sportswear companies—all household names, of course. On the top of the list is Nike followed by Louis Vuitton, Channel, Gucci, and Adidas. The report states that its relentless commitment to innovation, ability to stay ahead of market trends, and extensive partnerships with athletes worldwide, has cemented Nike has firmly cemented its place at the top of the apparel industry,” Annie Brown, general manager of Brand Finance UK, said in a statement. “In 2023, the brand is continuing to leverage its enormous global influence and reputation to empower positive change in the sporting world and beyond.”
Nike was founded in the United States in 1964. It is renowned for athletic footwear, apparel, and sports equipment. It has the iconic “swoosh” logo. Its current valuation is $31.3 Billion. At 59 years it is the youngest company amongst the top five fashion brands.
Louis Vuitton with current valuation of $26.3 Billion. It is a French company founded in 1854 and it is also the oldest company among the top five. Louis Vuitton is a high-end fashion house specializing in luxury leather goods, fashion, and accessories. It is recognized for its monogram canvas and LV logo.
Chanel is ranked the number three most valuable fashion brand. It is also a French company founded in 1910 meaning that it is over a century old. Currently, it is valued at $19.4 Billion. Channel is a prestigious fashion brand known for luxury clothing, accessories, and fragrances. Signature interlocking “C” logo.
At number four stands Gucci which has a current valuation of $17.6 billion. It is an Italian company that started operations in 1921yet another century-old luxury brand. Gucci is famous for its high-end clothing, handbags, and accessories. It has a distinctive double G logo.
And at number five is Adidas according to the ranking assigned by Brand Finance in its report. It is a German company founded in 1949. Adidas is known for sportswear, athletic footwear, and accessories. It is famous for its three-stripe logo. The current valuation of Adidas stands at $15.7 billion.
One thing common in all the top five brands is that they have kept their charm among consumers for a very long time ranging from 59 years for Nike to 113 years by Channel.
Nike tops among the five most valuable luxury brands in 2023
