20 World’s Biggest Fashion Corporations

 

20 World’s Biggest Fashion Corporations– Based on the annual report in 2024, there are 20 World’s Biggest Fashion Corporations with billion dollars of net income and total assets in the year of 2024. Commonly, these corporations have diverse and high-class products and many customers in the world hunt their products and sacrifice a large amount of money to buy their products.

As humans, some of us have different standards about fashion. It depends on lifestyle, economic factors, habits, social factors, and culture. With distinct aspects globally, each region has different fashions habits. Of course, the fashion market is very wide across the country.

Fashion is a dynamic world, full of challenges, and competition. Historically, New, or old brands, senior or junior designers are always faced with the same challenge of producing quality products that can be sold. The fashion industries have become a lifestyle for humans. From time to time, there is a new breakthrough and innovation with the development of lifestyle in fashion industries. Overall, these Corporations have their identity of products. Many consumers fell in love with their products and here are the 20 World’s Biggest Fashion Corporations in 2024. In this article, the rank of the fashion companies was composed and ranked based on net income (derived from income statements of annual report) and total assets (derived from balance sheet) in the year 2024.

 

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The Rank of 20 World’s Biggest Fashion Corporations Based on Net Income in 2024

Rank	Name of Fashion Corporations	Total Revenue	Total Revenue	Net Income	Net Income
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Louis Vuitton	EUR 84.6 billion	USD 98.9 billion	EUR 12.5 billion	USD 14.6 billion
2	Inditex	EUR 38.6 billion	USD 45.1 billion	EUR 5.87 billion	USD 6.9 billion
3	Nike	USD 51.3 billion	USD 51.3 billion	USD 5.7 billion	USD 5.7 billion
4	Hermes	EUR 15.1 billion	USD 17.6 billion	EUR 4.6 billion	USD 5.3 billion
5	TJX	USD 56.3 billion	USD 56.3 billion	USD 4.8 billion	USD 4.8 billion
6	Richemont	EUR 21.3 billion	USD 24.9 billion	EUR 2.7 billion	USD 3.15 billion
7	Essilor Luxottica	EUR 26.5 billion	USD 31 billion	EUR 2.49 billion	USD 2.91 billion
8	Fast Retailing	USD 21.4 billion	USD 21.4 billion	USD 2.7 billion	USD 2.7 billion
9	Ross Stores	USD 21.1 billion	USD 21.1 billion	USD 2 billion	USD 2 billion
10	Kering	EUR 17.1 billion	USD 20 billion	EUR1.13 billion	USD 1.3 billion
11	H&M	SEK 234 billion	USD 25.7 billion	SEK 11.5 billion	USD 1.26 billion
12	Prada	EUR 5.4 billion	USD 6.3 billion	EUR 0.84 billion	USD 0.98 billion
13	Adidas	EUR 23.6 billion	USD 26.1 billion	EUR 0.764 billion	USD 0.84 billion
14	Ralp Lauren	USD 7 billion	USD 7 billion	USD 0.74 billion	USD 0.74 billion
15	El Corte Inglés Group	EUR 14.7 billion	USD 17.2 billion	EUR 0.53 billion	USD 0.62 billion
16	PVH	USD 8.2 billion	USD 8.2 billion	USD 0.59 billion	USD 0.59 billion
17	Li-Ning	RMB 28.6 billion	USD 4 billion	RMB 3 billion	USD 0.42 billion
18	Puma	EUR 8.8 billion	USD 9.76 billion	EUR 0.281 billion	USD 0.31 billion
19	Hugo Boss	EUR 4.3 billion	USD 5 billion	EUR 0.223 billion	USD 0.26 billion
20	Under Armour	USD 5.7 billion	USD 5.7 billion	USD 0.23 billion	USD 0.23 billion
21	Victoria Secret & Co	USD 6.2 billion	USD 6.2 billion	USD 0.16 billion	USD 0.16 billion
22	Fila	KRW 4.2 trillion	USD 3 billion	KRW 207 billion	USD 0.15 billion
23	VF	USD 9.5 billion	USD 9.5 billion	(USD -0.19 billion)	(USD -0.19 billion)
Source: Annual Report, 2024
Currency Rates:
1 Euro = 1.17 US Dollar (USD)
1 Yuan Renminbi (CNY) = 0.16 US Dollar (USD)
1 Korean Won (KRW) = 0.00085 US Dollar (USD)
1 Swedish Krona (SEK) = 0.11 US Dollar (USD)
Origin Currency - The Currency that Officially Used in Annual Report of 2024
US Dollar- The Converted Currency from Origin Currency to US Dollar with Currency Standard Above

 

 

As additional data, we also presented some of the statistical numbers of total assets and total liabilities. These variables are obtained from the balance sheet of each company in the Annual Report of 2024. The rank of the company is based on the total assets that the company had in 2024.

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The Rank of 20 World’s Biggest Fashion Corporations Based on Total Assets in 2024

 

Rank	Name of Fashion Corporations	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Louis Vuitton	EUR 149 billion	USD 159 billion	EUR 80 billion	USD 93.6 billion
2	Essilor Luxottica	EUR 64.2 billion	USD 75.1 billion	EUR 23.2 billion	USD 27.1 billion
3	Kering	EUR 43.3 billion	USD 50.66 billion	EUR 27.6 billion	USD 32.3 billion
4	Richemont	EUR 41 billion	USD 47.9 billion	EUR 18.8 billion	USD 21.9 billion
5	Inditex	EUR 34.7 billion	USD 40.6 billion	EUR 15.1 billion	USD 17.6 billion
6	Nike	USD 38.1 billion	USD 38.1 billion	USD 23.7 billion	USD 23.7 billion
7	TJX	USD 31.7 billion	USD 31.7 billion	USD 23.3 billion	USD 23.3 billion
8	Hermes	EUR 23.1 billion	USD 27 billion	EUR 5.75 billion	USD 6.7 billion
9	Fast Retailing	USD 24.7 billion	USD 24.7 billion	USD 10.5 billion	USD 10.5 billion
10	Adidas	EUR 20.6 billion	USD 22.8 billion	EUR 14.7 billion	USD 16.3 billion
11	H&M	SEK 180 billion	USD 19.8 billion	SEK 134 billion	USD 14.7 billion
12	El Corte Inglés Group	EUR 14.68 billion	USD 17.2 billion	EUR 7.5 billion	USD 8.7 billion
13	Ross Stores	USD 14.9 billion	USD 14.9 billion	USD 9 billion	USD 9 billion
14	PVH	USD 11 billion	USD 11 billion	USD 6 billion	USD 6 billion
15	Prada	EUR 8.54 billion	USD 9.99 billion	EUR 4.13 billion	USD 4.83 billion
16	VF	USD 9.37 billion	USD 9.37 billion	USD 7.89 billion	USD 7.89 billion
17	Puma	EUR 7.1 billion	USD 7.8 billion	EUR 4.3 billion	USD 4.7 billion
18	Ralp Lauren	USD 7 billion	USD 7 billion	USD 4.45 billion	USD 4.45 billion
19	Li-Ning	RMB 35.7 billion	USD 4.9 billion	RMB 9.6 billion	USD 1.3 billion
20	Under Armour	USD 4.7 billion	USD 4.7 billion	USD 2.6 billion	USD 2.6 billion
21	Victoria Secret & Co	USD 4.5 billion	USD 4.5 billion	USD 3.8 billion	USD 3.8 billion
22	Hugo Boss	EUR 3.78 billion	USD 4.4 billion	EUR 2.3 billion	USD 2.7 billion
23	Fila	KRW 5.5 trillion	USD 3.9 billion	KRW 2.8 trillion	USD 2 billion
Source: Annual Report, 2024
Currency Rates:
1 Euro = 1.17 US Dollar (USD)
1 Yuan Renminbi (CNY) = 0.16 US Dollar (USD)
1 Korean Won (KRW) = 0.00085 US Dollar (USD)
1 Swedish Krona (SEK) = 0.11 US Dollar (USD)
Origin Currency - The Currency that Officially Used in Annual Report of 2024
US Dollar- The Converted Currency from Origin Currency to US Dollar with Currency Standard Above

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Brief Description of 20 World’s Biggest Fashion Corporations

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 1.    Louis Vuitton Moët Hennessy (LVMH)  

 

LVMH Moët Hennessy Louis Vuitton or commonly known as LMVH is founded in 1987 through the merger of the fashion house Luis Vuitton (Founded in 1854) and Moet Hennessy (Founded in 1971). Along with the development of its business, as of 2023, LVMH has 6,097 official stores, 75 maisons (luxury fashion brands), and has employed more than 213 thousand people. To date, the LMVH was led by Bernard Arnault (Chairman and Chief Executive Officer).

As a global company, LVMH has some outstanding brands in some Sectors. These sectors are Wine and Spirit, Fashion and Leather goods, Perfume and Cosmetics, Watches, and Jewelry. In the Fashion and leather sectors, this company has diversified brands of fashion and leather goods. these brands include Berluti, Celine, Christian Dior, Emilio Pucci, Fendi, Givenchy, JW Anderson, Kenzo, Loewe, Loro Piana, Louis Vuitton, Marc Jacobs, Moynat, Off-White, Patou, Phoebe Philo, Rimowa, Stella McCartney, and others.

 

Financially, in 2024, according to the Annual Report of the fashion Corporations, Louis Vuitton’s total assets had become EUR 149 billion or equivalent to USD 159 billion with total liabilities around EUR 80.6 billion or equivalent to USD 93.6 billion. Based on the business performance, Louis Vuitton successfully gained total revenue EUR 84.6 billion or equivalent to USD 98.8 billion with net income around EUR 12.5 billion or equivalent to USD 14.6 billion.

 

2. Essilor Luxottica

 

Essilor Luxottica is a global leader in the production, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. The Italian Luxottica and the French Essilor merged to form this company on October 1st, 2018. Nowadays, this company has over 72,000 employees in 85 countries.

 Based on the portfolio products, Essilor Luxottica has some brands. The lens brands of Essilor Luxottica are Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, and Barberini. Meanwhile, the brand of eyewear of EssilorLuxitoca was Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Alain Mikli, Costa, Native Eyewear, and Bolon.

 

Essilor Luxottica Group has been performing relatively well in 2024. According to the balance sheet in 2024, Essilor Luxottica’s total assets had become EUR 64.2 billion or equivalent to USD 75.1 billion with total liabilities around EUR 23.2 billion or equivalent to USD 27.1 billion. Based on the business performance, Essilor Luxottica gained total revenue around EUR 26.5 billion or equivalent to USD 31 billion and net income of EUR 2.49 billion or equivalent to USD 2.91 billion.

 

3. Richemont

 

Compagnie Financière Richemont S.A., is one of the luxury goods Corporations founded in Geneva, Switzerland in 1988. Commonly, this company manages some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, and Montblanc. Along with the development of its business, the total number of employees of this company reaches 35 thousand people.

Financially, Richemont in 2024 was in positive performance. The total assets of the company reached EUR 41 billion or equivalent to USD 47.9 billion with total liabilities around EUR 18.8 billion or equivalent to USD 21.9 billion. In the business performance, Richemont’s revenue reached EUR 21.3 billion or equivalent to USD 24.9 billion and gained net income around EUR 2.7 billion or equivalent to USD 3.15 billion.

 

4. Nike

 

Nike, Inc. is an American multinational company that has many diversified products of sports fashions. Historically, this company was founded by Bill Bowerman and Phil Knight in January 1964. Culturally, the name of Nike comes from the goddess mythology in Greece. The nike symbolizes the goddess of victory and success. Along with Business Development of Nike from time to time, Nike had launched some brands, namely Converse and Jordan Brand. Nike acquire Converse in 2003 with cost of 300 million US Dollar. Meanwhile, Jordan Brand is the successful partnership between Nike and Michael Jordan, a legendary NBA basketball player with 6-time championships playing with Chicago Bulls.

Operationally, Nike still has a primary office in Beaverton, Oregon, USA. Financially, Nike in 2024 is still in excellent position and performance. Nike’s total assets were 38.1 billion US Dollar with total liabilities around 23.7 billion US Dollar. Based on the business performance in 2024, Nike gained revenue around 51.3 billion US Dollar and net income around 5.7 billion US Dollar.

 

5. Kering

 

Kering is a French multinational corporation that has diversified luxury goods Founded by François Pinault in 1963. This company owns luxury brands, namely Balenciaga, Bottega Veneta, Gucci, Alexander McQueen, Yves Saint Laurent. Officially, this company has a primary office in forty rue de Sèvres, Paris, France with a total of employees reaching 38 thousand people.

Furthermore, in 2024, Kering’s total assets had become EUR 43.3 billion or equivalent to USD 50.66 billion with total liabilities around EUR 27.6 billion or equivalent to USD 32.3 billion. Based on the business performance in 2024, The Kering gained total revenue around EUR 17.1 billion or equivalent to USD 20 billion with net income around EUR 1.13 billion or equivalent to USD 1.3 billion.

 

6. TJX

The TJX Corporations, Inc. is an American multinational company with diversified fashion products. Historically, this company was founded in 1987 by Bernard Cammarata. Along with the development of the company, total employees of this company reached 270 thousand.

Financially, in 2024, TJX had total assets around 31.7 billion US Dollar with total liabilities of 23.3 billion US Dollar. Furthermore, the business performance is still in good condition with gained total revenue around USD 56.3 billion and net income USD 4.8 billion.

 

7. Inditex

 

Inditex is one of the biggest fashions corporations in the world with 96 Stores and 216 areas of marketing products. Founded in 1963, this company has advanced to be a global player with a total employee of 162 thousand. Furthermore, this company has some outstanding fashion brands, namely Zara (Zara + Zara Home), Pull&Bear, Massimo Dutti, Bershka, Stradivarius, and Uterqüe.

In the year 2024, Inditex has total assets of about EUR 34.7 billion or equivalent to USD 40.6 billion with total liabilities around EUR 15.1 billion or equivalent to USD 17.6 billion. According to the Income statement of the company in 2024, Inditex gained total revenue 38.9 billion or equivalent to USD 45.1 billion with Net Income around EUR 5.87 billion or equivalent to USD 6.9 billion.

 

8. Adidas

Adidas AG is one of the biggest sports apparels Corporations from Germany. Founded by Adolf Dassler in 1949, this company has become a global player in Sports Industries. Until 2021, this company 2,200 own retail stores with 114 independent manufacturing partners across the globe. Based on the production in 2021, Adidas produces 340 million pairs of Footwears, 482 million units of apparel, and 116 million accessories and gear.

In the Year 2024, Adidas had total assets around EUR 20.6 billion or equivalent to USD 22.8 billion and total liabilities around EUR 14.7 billion or equivalent to USD 16.3 billion. Based on the business performance in 2024, Adidas gained total revenue around EUR 23.6 billion or equivalent to USD 26.1 billion and gained net income of around EUR 0.76 billion or equivalent to USD 0.84 billion.

 

9. Fast Retailing

 

Fast Retailing is a Japanese Fashion company that was founded by Ogori Shoji in March 1949. In the beginning, the name of the company is Ogori Shoji Co., Ltd. and it changed to Fast Retailing Co., Ltd in 1991. Along with the company’s business development, Fast Retailing has multiple fashion brands including UNIQLO, GU, and Theory.

Financially, Fast Retailing also had good conditions in 2024. The total assets of Fast Retailing reached USD 24.7 billion with total liabilities around USD 10.5 billion. According to the Income Statement in 2024, Fast Retailing gained total revenue around USD 21.4 billion and net income of around USD 2.7 billion. 

 

10. H&M

 

Hennes & Mauritz or commonly known as H&M is a global fashion company that comes from Stockholm, Sweden. Historically, this company was founded in 1947. Along with business development, the company has employees of around 126 thousand people and has some brands, namely H&M and H&M HOME, COS, Weekday, and Monki.

Financially, in 2024, H&M has total assets around SEK 180 billion or equivalent to USD 19.8 billion and total liabilities around SEK 134 billion or equivalent to USD 14.7 billion. Based on the business performance in 2024, H&M gained total revenue SEK 234 billion or equivalent to USD 25.7 billion with net income around SEK 11.5 billion or equivalent to USD 1.26 billion.

 

11. El Corte Ingles Group

 

El Corte Inglés S.A. is a global company from Spain that has headquartered in Madrid. Historically, the founder of El Corte Inglés was Ramón Areces Rodriguez and Cesar Rodriguez Gonzalez. To date, El Corte has more than 78 thousand employees. Based on financial condition, in 2024, El Corte Inglés Group had total assets around EUR 14.68 billion or equivalent to USD 17.2 billion with total liabilities around EUR 7.5 billion or equivalent to USD 8.7 billion. Based on the business performance in 2024, El Corte got total revenue EUR 14.7 billion or equivalent to USD 17.2 billion with net Income around EUR 0.53 billion or equivalent to USD 0.62 billion.

 

12. VF Corporation

 

Vanity Fair Corporation or VF Corporation is a global fashion company from Denver, Colorado, United States of America. Founded in 1899 by John Barbey, this company has become a global company with around 50 thousand employees. Furthermore, VF Corporation managed some brands in the specialized segments, namely Outdoor (The North Face, Timberland, Smartwool, Altra, Icebreaker), Active (Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport), and Work (Dickies, Timberland PRO).

In the year 2024, financially, VF had total assets around USD 9.37 billion and total liabilities around USD 7.89 billion. Based on business performance in 2024, VF gained total revenue USD 9.5 billion but suffered net losses of around USD -0.19 billion. 

 

13. PVH

 

PVH Corp. or the Phillips-Van Heusen Corporation is an American clothing company that owns brands such as Tommy Hilfiger, Calvin Klein, IZOD, Arrow. Founded in 1881, the company has advanced as a global company with approximately 29,000 associates operating in more than 40 countries. To date, PVH has primary office in Manhattan, New York City, United States.

In the Year of 2024, PVH got total assets around USD 11.1 billion with total liabilities around USD 6 billion. Based on the business performance in 2024, PVH gained total revenue around USD 8.2 billion with net income around USD 0.59 billion. 

 

14. Ross Stores

 

Ross Stores, Inc., is a fashion company that has headquarters in Dublin, California, USA. Historically, this company was founded in 1982 by Morris Ross and Bill Isackson. To date, Ros Stores managed two brands of off-price retail apparel and home fashion stores—Ross Dress for Less® (“Ross”) and dd’s DISCOUNTS.

Financially, in 2024 according to its annual report, Ross Stores had total assets around USD 14.9 billion with total liabilities around USD 9 billion. Based on the business performance in 2024, the Ross Stores gained total revenue around USD 21.1 billion and net income around USD 2 billion.

 

15. Hermes

 

Hermès began its business adventure in 1837 when the harness-maker Thierry Hermès opened a workshop in rue Basse-du-Rempart in Paris. As of 31 December 2023, Hermès had 306 stores worldwide and more than 20 thousand of employees.

Financially, In the Year of 2024, Hermes has total assets around EUR 23.1 billion or equivalent to USD 27 billion with total liabilities around EUR 5.75 billion or equivalent to USD 6.7 billion. Based on the business performance in 2024, the total revenue of Hermes reached EUR 15.1 billion or equivalent to USD 17.6 billion and net income around EUR 4.6 billion or equivalent to USD 5.3 billion.

 

16. Victoria’s Secret & Co

 

Victoria Secret is a fashion company which focusses on specialty products including signature bras, panties, lingerie, casual sleepwear, athleisure, and swimming, as well as award-winning prestige fragrances and body care. more than 30,000 associates across a global footprint of approximately 1,350 retail stores in approximately 70 countries. Historically, this company was found in 1977 by Roy and Gaye Raymond and still has headquartered in Reynoldsburg, Ohio,U.S.A.

Based on business structure, the brand of Victoria's Secret & Co including Victoria's Secret (fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, swim, and athleisure) and Pink (bras, panties, loungewear, knit tops, activewear, accessories, beauty). Financially, in 2024, Victoria Secret & Co had total assets around USD 4.5 billion with total liabilities around USD 3.8 billion. Based on the business performance in 2024, Victoria Secret & Co gained total revenue USD 6.2 billion with net income around USD 0.16 billion. 

 

17. Ralph Lauren

 

Founded in 1967 by Ralph Lauren, this company is a global leader in the design, marketing, and distribution of premium lifestyle products, including apparel, footwear, accessories, home furnishings, fragrances, and hospitality. Along with the business company, this company has 548 retail stores and 650 concession-based shops within shops.

Financially, In the year of 2024, Ralph Lauren had total assets around USD 7 billion with total liabilities around USD 4.45 billion. Based on the business performance in 2024, Ralph Lauren gained total revenue around USD 7 billion with net income around USD 0.74 billion. 

 

18. Prada

 

Founded in 1913, Prada Group’s adventures in business begin when Mario Prada opened an exclusive store in the Galleria Vittorio Emanuele II, Milan, selling handbags, travel trunks, beauty cases, tasteful accessories, jewelry, and other luxury items. To date, Prada managed some of the world’s most prestigious brands including Prada, Miu Miu, Church’s, Car Shoe, Marchesi 1824, and Luna Rossa. Along woht business development, Prada has 26 factories and employs around 14,800 people. 

Financially, in 2024, Prada had total assets around EUR 8.54 billion or equivalent to USD 9.99 billion with total liabilities around EUR 3.13 billion or equivalent to USD 4.83 billion. Based on the business performance in 2024, The Prada gained total revenue around EUR 5.4 billion or equivalent to USD 6.3 billion and net income around EUR 0.84 billion or equivalent to USD 0.98 billion.

 

19. PUMA

Puma is a Global Sport fashion company based in Herzogenaurach, Germany. Historically, this company was founded in 1924 by Rudolf Dassler. Along with business development, PUMA has more than 21,000 employees. Furthermore, in 2024, Puma has total assets around EUR 7.1 billion or equivalent to USD 7.8 billion with total liabilities around EUR 4.3 billion or equivalent to USD 4.7 billion. Based on the business performance in 2024, Puma gained total revenue around EUR 8.8 billion or equivalent to USD 9.76 billion and net Income around EUR 0.281 billion or equivalent to USD 0.31 billion.

 

20. Under Armour

 

Under Armour, Inc. is an American sports fashion company that was founded by Kevin Plank in 1996. Commonly, Under Armour specialized in producing of apparel, footwear and accessories for men, women and youth as a global company, the employee of this company reaches sixteen thousand people.

Financially, in 2024, Under Armour is still in good condition and performance. The total assets of Under Armour reached USD 4.7 billion with total liabilities around USD 2.6 billion. Based on the business performance in 2024, the Under Armour’s total revenue around USD 5.7 billion and net income around USD 0.23 billion.

 

21. FILA

 

FILA Holdings is a South Korean sportswear manufacturer that designs shoes and apparel founded by Ettore and Giansevero Fila in 1911 in Biella, Piedmont, Italy. Until 2007, FILA Korea purchased global FILA Assets of FILA. To date, FILA has headquartered in Bomun-ro, Seongbuk-gu, Seoul.

As a global player and with lifelong experience in the sports fashion business, in 2024, Fila had total assets of KRW 5.5 trillion or equivalent to USD 3.9 billion with total liabilities around KRW 2.8 trillion or equivalent to USD 2 billion. Based on the business performance in 2024, FILA gained total revenue around KRW 4.2 trillion or equivalent to USD 3 billion and net income around KRW 153 billion or equivalent to USD 0.15 billion.

 

22. Li-Ning

 

Li-Ning Company Limited is a Chinese sportswear company founded by former Olympic gymnast Li Ning in 1990. Along with business development, as one of the largest sport apparel Corporations, Li-Ning has released some sports brands, namely Double Happiness (table tennis), AIGLE (outdoor sports), Danskin (fashionable fitness products for dance and yoga) and Kason (badminton).

Financially, in 2024, Li-Ning has total assets around RMB 35.7 billion or equivalent to USD 4.9 billion with total liabilities around RMB 9.6 billion or equivalent to USD 1.3 billion. Based on the business performance in 2024, Li-Ning gained total revenue around RMB 28.5 billion or equivalent to USD 4 billion with net income around RMB 3 billion or equivalent to USD 0.23 billion.

 

23. Hugo Boss

Hugo Boss AG is a German fashion company that has a central office in Meiningen, Baden-Württemberg. Historically, the company was founded in 1924 in Germany by Hugo Ferdinand Boss as general-purpose clothing. They managed the brands BOSS and HUGO. Financially, in 2024, Hugo Boss got total assets around EUR 3.78 billion or equivalent to USD 4.4 billion with total liabilities around EUR 2.3 billion or equivalent to USD 2.7 billion. Based on the business performance in 2024, Hugo Boss’s total revenue reached EUR 4.1 billion or equivalent to USD 5 billion and net income was EUR 0.23 billion or equivalent to USD 0.26 billion. 

 

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The Summary of 20 World’s Biggest Fashion Corporations Based on Total Assets in 2024

 

 

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The Summary of 20 World’s Biggest Fashion Corporations Based on Net Income in 2024

 

 

 

Bibliography of 20 World’s Biggest Fashion Corporations in 2024

 

Louis Vuitton. 2024. Annual report 2024. Accessed via  https://www.lvmh.com/investors   on December 30th, 2025.

 

Nike. 2025. Annual report 2024. Accessed via https://investors.nike.com/investors/news-events-and-reports/default.aspx  on December 30th, 2025.

 

Kering. 2025. Annual report 2024. Accessed via https://www.kering.com/en/finance/publications/   on December 30th, 2025.

 

Hermes. 2025. Annual report 2024. Accessed via https://finance.hermes.com/en/key-figures   on December 30th, 2025.

 

Inditex. 2025. Annual report 2024. Accessed via  https://www.inditex.com/itxcomweb/api/media/604197b9-50de-4f4f-ab84-c1e379cb3fd0/Inditex_Group_Annual_Report_2024.pdf?t=1741989136588 on December 30th, 2025.

 

Richemont. 2025. Annual report 2024. Accessed via https://www.richemont.com/investors/results-reports-presentations/   on December 30th, 2025.

 

Victoria Secret. 2025. Annual report 2024. Accessed via https://www.victoriassecretandco.com/static-files/48070697-c350-4fb1-b792-896b36efc77f on December 30th, 2025.

 

Fast Retailing. 2025. Annual report 2024. Accessed via https://www.fastretailing.com/eng/ir/library/annual.html  on December 30th, 2025.

Adidas. 2025. Annual report 2024. Accessed via https://report.adidas-group.com/2024/en/   on December 30th, 2025.

 

VF. 2025. Annual report 2024. Accessed via https://www.vfc.com/investors/financial-information/annual-reports  on December 30th, 2025.

 

Li-Ning. 2025. Annual report 2024. Accessed via http://ir.lining.com/en/ir/reports.php  on December 30th, 2025.

 

FILA. 2025. Annual report 2024. Accessed via http://www.filaholdings.com/en/invest/ir.asp   on December 30th, 2025.

 

Exilor Luxottica Group. 2025. Annual report 2024. Accessed via https://www.essilorluxottica.com/publications-and-downloads?year=2020&type=Reports  on December 30th, 2025.

 

Puma. 2025. Annual report 2024. Accessed via https://about.puma.com/en/investor-relations/financial-reports   on December 30th, 2025.

H&M. 2025. Annual report 2024. Accessed via https://hmgroup.com/about-us/corporate-governance/annual-report/  on December 30th, 2025.

 

TJX. 2025. Annual report 2024. Accessed via https://www.tjx.com/investors/financial-information/annual-repor t  on December 30th, 2025.

 

Ross Stores. 2025. Annual report 2024. Accessed via https://investors.rossstores.com/financial-information/annual-reports    on December 30th, 2025.

 

Prada. 2025. Annual report 2024. Accessed via https://www.pradagroup.com/en/investors/investor-relations/results-presentations.html  on December 30th, 2025.

 

Ralph Lauren. 2025. Annual report 2024. Accessed via  https://investor.ralphlauren.com/financial-information/sec-filings   on December 30th, 2025.

 

Hugo Boss. 2025. Annual report 2024. Accessed via https://group.hugoboss.com/en/investors/publications/results   on December 30th, 2025.

 

Under Armour. 2025. Annual report 2024. Accessed via https://about.underarmour.com/investor-relations/financials/annual-reports  on December 30th, 2025.

 

PVH. 2025. Annual report 2024. Accessed via https://www.pvh.com/investor-relations/sec-filings  on December 30th, 2025.

 

 

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