Top Companies in the Luxury Fashion Market

The global luxury fashion market size reached US$ 245.5 Billion in 2023. Luxury fashion includes brands different from mass production brands, as they focus on supreme quality, scarcity, exceptional storytelling, and high prices. These fashion products include clothing, premium watches, fashion accessories, designer handbags, perfumes, and high-end cosmetics. Luxury fashion consists of products that are designed to serve a personalized experience to the consumer, are unique, and possess a unique brand identity. These products are produced from high-grade materials and offer an extended warranty period, high-value aesthetics, and excellent craftsmanship.

As per the analysis by the IMARC Group, the top companies in the luxury fashion industry are opting for sustainable production methods, such as using ethical sources, recycled, and eco-friendly materials, on account of the rising environmental concerns. Additionally, they are incorporating augmented reality (AR) in the fashion industry to offer a virtual in-shop buying experience to consumers from their homes, thus creating a positive market outlook. Other than this, the increasing investments in social media promotions and celebrity endorsements by key players are positively influencing the market growth. Looking forward, IMARC Group is expected to reach US$ 327.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.14% during 2024-2032. 

Learn about opportunities, challenges, and trends in the global Luxury Fashion industry with IMARC’s market research report. Try a free sample today!

Top Companies Operating in the Global Luxury Fashion Market

1. Burberry Group Plc 

Establishment: 1856 
Headquarters: London, United Kingdom 
Website: https://www.burberryplc.com/en/index.html 

Burberry Group Plc is a British luxury fashion brand well known for its iconic trench coats, high-quality accessories, and distinctive check patterns. It offers a wide range of products, including accessories, clothing, fragrances, and cosmetics. The brand is highly regarded for its quality materials, craftsmanship, and attention to detail, due to which it has acquired a loyal customer base globally.  

2. Capri Holdings Limited

Establishment:  1981 
Headquarters: New York, United States 
Website: https://www.capriholdings.com/ 

Capri Holdings Limited is a leading luxury fashion company that operates three high-end fashion brands, including Michael Kors, Jimmy Choo, and Versace. It designs, produces, and sells a wide variety of products, such as clothing, accessories, footwear, fragrances, and eyewear. The company is committed to sustainability and ethical practices in its operations.  

3. Chanel S.A. 

Establishment: 1910 
Headquarters: London, United Kingdom 
Website: https://www.chanel.com/us/ 

Chanel S.A. is a French luxury brand that is regarded as one of the most iconic and influential fashion brands globally. The company is well-known for its accessories, fragrances, clothing, and beauty products. It also offers classic and timeless designs, such as the iconic Chanel suit and the little black dress. 

4. Diesel S.p.A. (OTB Group) 

Establishment: 1978 
Headquarters: Breganze, Italy 
Website: http://www.diesel.com 

Diesel S.p.A. is an Italian fashion brand known globally for various brands owned by it, including Maison Margiela, Marni, and Vikto&Rolf. The company is known for its denim products, such as shirts, jeans and jackets, along with its edgy and distinctive designs. Diesel S.p.A. has expanded its business to other fashion products, such as accessories, clothing, and fragrances. 

5. Dolce & Gabbana S.r.l. 

Establishment: 1985 
Headquarters: Milan, Italy 
Website: https://www.dolcegabbana.com/en/ 

Dolce & Gabbana is a globally known Italian luxury fashion brand known for its high-end products, including accessories, fragrances, and cosmetics. It is famous for its strong reputation and unique recognizable designs, which often depicts elements of Italian culture and history. 

6. Giorgio Armani S.p.A. 

Establishment: 1975 
Headquarters: Milan, Italy 
Website: https://www.armani.com/en-in 

Giorgio Armani S.p.A. is an Italian fashion brand renowned for its elegant and sophisticated designs, often characterized by clean lines and muted colors. The brand is especially famous for its tailored suits and formal wear. In addition to its fashion products, the brand has expanded its business to luxury hotels and resorts, along with a range of home and interior design products. The company is also committed to sustainability and ethical practices in its operations.  

7. Industria de Diseno Textil S.A. (Inditex) 

Establishment: 1975 
Headquarters: Spain 
Website: https://www.inditex.com/itxcomweb/en/home 

Industria de Diseno Textil S.A. is a Spanish multinational clothing company, Zara being its flagship brand. It is the world’s largest fashion group, with its success attributed to its fast-fashion business model, allowing the company to respond rapidly to changing trends and consumer demands. 

8. Kering SA 

Establishment: 1963 
Headquarters: Paris, France 
Website: https://www.kering.com/en/ 

Kering SA is a French multinational luxury goods company known for its portfolio of high-end luxury brands. Other than luxury fashion products, the brand is also expanding in the sports and lifestyle industry with brands such as Puma. The brand is establishing initiatives to minimize its environmental impact. 

9. LVMH Moet Hennessy Louis Vuitton  

Establishment: 1987 
Headquarters: Paris, France 
Website: https://www.lvmh.com/ 

LVMH Moet Hennessy Louis Vuitton is a French multinational brand well-known for its extensive portfolio of luxury fashion products. LVMH’s brand portfolio includes various other 70 brands, such as Dior, Fendi, Bulgari, Givenchy, and Celine. It also offers services in the hospitality and retail sectors with luxury hotels and department stores. 

10. Prada S.p.A. 

Establishment: 1913 
Headquarters: Milan, Italy 
Website: https://www.prada.com/ 

Prada S.p.A. is a global brand famous for its wide range of luxury products, including accessories, clothing, fragrances, and eyewear. It is well known for its leather products, which are made using traditional techniques and the finest materials. It is an eco-friendly, sustainable, and ethical brand.  

11. PVH Corp 

Establishment: 1881 
Headquarters: New York  
Website: https://www.pvh.com/ 

PVH Corp is an iconic American apparel brand, which includes numerous other brands, such as Calvin Klein, Van Heusen, Tommy Hifiger, IZOD, Arrow, Warner’s and Olga. It offers a wide range of apparel and accessories for men, children and women, including dress shirts, sportwear, suits, footwear, and accessories. 

12. Ralph Lauren Corporation  

Establishment: 1967 
Headquarters: New York, United States 
Website: https://corporate.ralphlauren.com/  

Ralph Lauren Corporation is an American fashion brand known for its classic and timeless designs. Its portfolio includes a range of luxury products, such as fragrances, clothing, accessories, and home goods.  The company’s designs are famous for their attention to detail and quality materials. 

13. Rolex SA 

Establishment: 1905 
Headquarters: Geneva, Switzerland 
Website: https://www.rolex.com/en-us 

Rolex SA is a Swiss luxury watch brand widely known for its precision and high-quality timepieces. The company’s portfolio includes sports watches, classic dress watches, diving watches, and others. These watches are known for their durability, accuracy, and timeless designs.

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