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Business Insider has unveiled a list of the top 10 most valuable fashion brands in the world, while it doesn't have many surprises, their combined worth is astonishing.
While Louis Vuitton, H&M, and Nike top the list, the bigger news is how huge the business of fashion has become. Pooled together, the top 10 brands are worth an insane $122 billion.
Louis Vuitton, which also came out as the most valuable fashion brand in Forbes' ranking, is the leader here with a market value of $22.55 billion. While Nike may be the largest apparel company in the U.S. it's outranked by the French luxury brand and Swedish retailer H&M, which has a value of $21.08 billion. Other notable names on the list include, in order of where they appeared, Zara, Gucci, Hermès, adidas, and Prada.
Nike shouldn't be too disappointed by its number three spot. While it may not be the leader according to Business Insider, it is the most valuable brand in the world on BrandZ's list, which considers more factors that just market value.