The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The American sportswear giant nabbed the title for the seventh consecutive year, and ranked far ahead of the next highest valued brand, Gucci, followed by Louis Vuitton and Adidas, according to brand valuation consultancy Brand Finance’s Apparel 50 2021 ranking. The firm defines brand value as “the present value of earnings specifically related to brand reputation,” and assesses value based on attributes like brand perception and market share.
Although many of the top 10 ranked apparel brands have maintained their positioning in what was an overall dip in the value of apparel brands year-over-year, Fila is ranked the fastest growing brand, with a 68 percent increase in brand value to $2.7 billion, the report found. After Fila’s reboot in 2018 — built largely on the success of its chunky, fashion-forward Disruptor sneaker — it has now turned its attention to performance wear.
Coach, the American leather goods brand under the Tapestry umbrella, recorded the biggest drop in brand value, falling 31 percent to $4.7 billion compared to an overall eight percent drop in the apparel sector overall. Coach’s most recent brand campaign — a 360-degree approach to celebrity ambassadors — is driving a turnaround effort that its parent company hopes will help continue higher e-commerce sales and growth in China.
Often left out of the picture in a youth-obsessed industry, selling to Gen-X and Baby Boomer shoppers is more important than ever as their economic power grows.
This month, BoF Careers provides essential sector insights to help PR & communications professionals decode fashion’s creative landscape.
The brand’s scaled-back Revolve Festival points to a new direction in its signature influencer marketing approach.
Brands selling synthetic stones should make their provenance clear in marketing, according to the UK’s Advertising Standards Authority.