LVMH, run by French billionaire Bernard Arnault tops the list of fashion companies on the 18th annual Forbes Global 2000. The company has been ranked as the 73rd largest public company on the list. Sportswear giant Nike finished in a distant second among apparel companies, climbing 35 spots to become the 244th largest public company in the world. Fellow footwear maker Adidas also made strides, cracking the top 400 with more than $25 billion in sales.
Canada-based Lululemon, which came in 1,209th overall, maintained last year’s momentum, clocking nearly $4 billion in sales, up from $3.2 billion last year. Thanks to the athleisure brand’s e-commerce surge and strong balance sheet, some analysts predict that the company may actually end up in better shape than it was prior to the pandemic.
