Dior Named World's Largest Fashion Group

Dior Named World's Largest Fashion Group

Christian Dior is officially the richest clothing company in the biz.

Christian Dior is officially the richest clothing company in the biz.

Text: Tess Garcia

The 2018 Forbes’ Global 2000 list reported that French brand Dior, which is distinct from the Dior Couture label, made $49 billion in revenue for 2017, making it the world’s largest fashion group.

Yet Dior’s Lip Glow and feminist t-shirts are not the main culprits behind their booming fiscal year. Because the société anonyme (the French equivalent of a corporation) holds a 41 percent stake in parent company Moët Hennessy Louis Vuitton, the luxury conglomerate that owns 70 major brands, including Céline and Givenchy, a sizable portion of revenue from all affiliated companies is attributed to Dior.

“The companies have had a complicated ownership structure for years,” Forbes explains, “with LVMH acquiring the remaining portion of Christian Dior that it didn't already own last year in a $13 billion deal.”

Trailing Dior is retail giant Inditex, which owns Zara, at number two, and Nike at number three. Further down the list at number 349 lies LVMH’s greatest competitor, fellow luxury group Kering, which owns companies like Gucci, Saint Laurent, and Balenciaga.

DIOR CRUISE 2019
Credits: IMAGE VIA VOGUE RUNWAY

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