Biggest Clothing Companies in the World
Starting a clothing business can be a lucrative entrepreneurial venture. This is especially true since the latest apparel industry statistics show that the sector is set to generate $1.79 trillion in worldwide revenues in 2024, a 2.9% annual increase.
Knowing what strategies work best for this sector brings you one step closer to success. To do that, you need to learn from the best. Here’s a look at the biggest clothing companies in the world.
Largest clothing companies worldwide (as of Mar 2024)
- LVMH: $451.9 billion
- Dior: $155.1 billion
- Nike: $147.9 billion
- Inditex: $139.2 billion
- TJX Companies: $109.9 billion
- Fast Retailing: $90.1 billion
- Cintas: $63.4 billion
- lululemon athletica: $56.6 billion
- Kering: $54.1 billion
- Ross Stores: $49.9 billion
1. LVMH: $451.9 billion
According to a recent ranking of the biggest clothing companies by market capitalization, LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, tops the list. As of March 2024, the French luxury goods fashion company has a market cap of $385.3 billion.
To put this figure in perspective, it accounts for more than one-quarter (27.4%) of the total market capitalization of the top 112 clothing companies, which totals $1.65 trillion. It is also almost triple the value of the second-biggest clothing company, Dior.
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2. Dior: $155.1 billion
Dior, an LVMH-owned company, is in second place, with a market cap of $155.1 billion. Apart from a 12.1% fall in 2022, Dior’s market value has risen year after year since 2016. Since the end of 2023, when its capitalization was recorded at $141.5 billion, the company’s worth has increased by 9.6%.
3. Nike: $147.9 billion
Nike, the popular US-based sportswear brand is the third-biggest clothing company in the world. It currently has a market capitalization of $147.9 billion, marking a 10.5% dip from the end of 2023.
The Oregon-headquartered firm has experienced a fall in value in recent years. After tremendous annual increases averaging 31.5% from 2019 to 2021, which brought its market cap to $263.6 billion in 2021, the company’s market cap went on to fall by 30.5% in 2022 and 9.7% in 2023.
4. Inditex: $139.2 billion
This is followed by Spain’s Inditex, which owns popular fashion brands Zara, Massimo Dutti, and Bershka. As of March 2024, Inditex’s market cap is valued at $139.2 billion.
Established in 1975 by Amancio Ortega, Inditex is based in Galicia, Spain. It’s recognized for its fast-fashion business model and swift adaptation to new fashion trends. With a presence spanning over 100 countries, Inditex boasts a network of over 7,000 stores globally.
5. TJX Companies: $109.9 billion
Massachusetts-based TJX Companies, which owns brands like T. J. Maxx, Marshalls, and HomeGoods, rounds out the list of the five biggest clothing companies in the world. It has a market capitalization of $109.9 billion.
6. Fast Retailing: $90.1 billion
Fast Retailing, a Japanese retail company, is the sixth-biggest clothing company, with a market cap of $90.1 billion. Fashion brands Uniqlo and GU are among its portfolio. Fast Retailing is also the only Asian company to feature on this list of the biggest clothing companies in the world.
7. Cintas: $63.4 billion
Cintas, another US-based company, is in eighth place, with $63.4 billion. Founded during the Great Depression in 1929, Cintas specializes in producing and selling workwear and uniforms.
Since 2009, its corporate worth has steadily increased annually, experiencing a solitary decline of 0.2% in 2022.
8. lululemon athletica: $56.6 billion
Cintas is followed by Canada’s lululemon athletica. Its market capitalization totals $56.6 billion in March 2024.
The corporation was established in 1998 by Chip Wilson and is situated in Vancouver, Canada. Renowned for its superior-quality top-tier yoga and athletic apparel sustainably designed for men, women, and girls, lululemon athletica’s operations currently extend to more than 50 countries, boasting a network of over 400 stores globally.
9. Kering: $54.1 billion
Kering, another French company that’s often considered to be one of LVMH’s biggest rivals, ranks next. Currently worth $54.1 billion, Kering runs luxury brands Gucci, Yves Saint Laurant, Balenciaga, and many others.
10. Ross Stores: $49.9 billion
California-based Ross Stores completes the list of the largest clothing companies, with a market cap of $49.9 billion. Established in 1982, Ross Stores operates as a chain of department stores selling branded and designer items at affordable prices. Products like homeware and decor can also often be found in its stores.
Largest clothing companies worldwide: overview
As of March 2024, the combined market capitalization of these 10 biggest clothing companies adds up to $1.3 trillion, accounting for 80% of the combined value of the top 112 clothing companies.
Of this top 10 list, five are headquartered in North America, four are in Europe, and one is in Asia.