Leading clothing companies by market capitalization worldwide as of December 2023

In December 2023, LVMH was by far the clothing company with the highest market capitalization, at approximately 400 billion U.S. dollars. The luxury giant had reached the 500 billion mark earlier in the year in April 2023, but dropped in value since then. LVMH's market capitalization was almost 220 billion dollars more than Nike, the company in second place. Dior made up the top three companies. As would be expected, several of the companies in this list can also be found in the list of leading clothing companies with the highest brand value.

LVMH

Moët Hennessy Louis Vuitton (The LMVH Group) is comprised of some of the most famous and iconic brands in the world: as well as Luis Vuitton, LVMH also owns brands such as Dior and Givenchy. The success of LMVH is clear to see in their global revenue from fashion and leather goods, which has more than tripled in size from 2016 to 2022.

Sportswear

On what some may see as the opposite side of the clothing spectrum, many of the leading clothing companies are actually sportswear companies. The presence of Nike, Adidas, and Lululemon athletica in this list demonstrates the increased popularity of athletic apparel and activewear, not just for sport, but also as fashion and everyday apparel. In line with this popularity, the sportswear market is set to grow to 451 billion U.S. dollars by 2028.