Sales of the leading apparel and accessories companies worldwide 2023/24
LVMH was the leading apparel/accessory company worldwide during the 12-month period to May 17, 2024, generating 93.1 billion U.S. dollars in sales – around 39 billion U.S. dollars more than the next ranked company, Nike.
Who is buying Christian Dior products?
Christian Dior is part of the LVMH group. It is one of a number of luxury apparel companies that have successfully responded to cultural trends in recent years. For example, high-end items of streetwear that retain the authenticity and exclusivity of the Dior brand have attracted a new generation of younger customers. Dior is also enjoying continued strength in Asia, with around one-third of its worldwide revenue being generated in the region.
Sportswear brands profiting from cultural shifts
The rise of street and sneaker cultures in the fashion industry has had a positive impact on the size of the global sportswear market, profiting established brands such as Nike and adidas. The combined brand value of the sportswear giants currently stands at over 70 billion U.S. dollars worldwide, with revenue from the footwear segments of both companies generating around 42 billion U.S. dollars combined.
