Nike passes Louis Vuitton in Forbes list - sportstextiles: Lea SportsTextiles

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Nike passes Louis Vuitton in Forbes list

16/05/2016
Sportswear manufacturer Nike has surpassed luxury brand Loius Vuitton as the world’s most valuable fashion brand, according to Forbes’ 2016 list of the most valuable brands.

The list was headed by Silicon Valley giants Apple, Google and Microsoft, with Nike edging out Louis Vuitton for 18th place. The French Fashion house dropped from 14th in 2015 to 19th.

Nike retained its position from last year and are valued at $27.5 billion with $30 billion in revenue. Rival sportswear brand adidas dropped from 83rd to 90th on the 2016 list.

Louis Vuitton remains on top in the battle of the luxury brands ahead of Gucci (44), Hermés (48), Cartier (58) and Chanel (80).

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Nike turns to Louis Vuitton for latest design collaboration 15/06/2016
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Nike signs up Balmain designer for latest collection 24/05/2016
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Nike discusses sustainability goals 13/05/2016
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