Forbes released its 2015 ranking of the world’s 100 most valuable brands and Louis Vuitton notched the No. 14 spot, making it the only fashion brand in the top 20 and well ahead of any of its luxe competitors.
According to Forbes, Louis Vuitton—a division of LVMH—is one of the most profitable brands in the world with profit margins ringing in around 40 percent. The 161-year old company is currently valued at $28.1 billion.
The company’s chairman and chief executive officer Bernard Arnault, said in a statement, “2014 was a prolific year for LVMH. In an ever more rapidly changing environment, our Group demonstrated the strength of its growth model and, thanks to the great dedication of its team, proved that it could combine responsiveness and long-term vision. At the intersection between iconic brands and new generations, it is laying the groundwork for the successes of tomorrow.”
Nike also earned a place in the top 20, coming in at No. 18 valued at $26.3 billion, and the only other apparel brand ranked in the highest 20 percent as tech brands Apple—which is worth double that of any other brand in the world at $145.3 billion according to Forbes—Microsoft and Google took the top three spots. Amazon ranked No. 13 with $28.1 billion.
Other apparel brands and retailers that made the list include: Walmart (20), H&M (33), Gucci (42), Hermes (51), Zara (58), Coach (63), Prada (74), Adidas (83), Chanel (85), Ralph Lauren (89) and Target (92).