In Figures

  • Mens' fashion make up $402 billion of this figure.
  • The fashion industry holds annual revenue of $20 billion.

INF2

  • If fashion was a country it would rank 7th in global GDP - as big as Canada
  • The global apparel retail industry in 2011 reached a value of $1.1 trillion, growing to $1.3 trillion in 2016.
  • "Extreme net-worth individuals" contribute to an 8% predicted sales increase this year
  • LVMH, a French group which owns 60 brands, including Louis Vuitton and Christian Dior, various lucrative champagnes and Bulgari, have revealed that sales have risen by 13% in the first half of this year, ($14.4 billion). Analysts predict that LVMH's profit margins for its luxury brands equal 40 %, twice as high as some of its rivals.