MEET THE FASHION SYNDICATE
THE INDUSTRY HEAVYWEIGHTS WHO CONTROL WHAT THE WORLD WEARS
Fashion is big business. The UK spent over £50 billion on clothing last year, our high streets are dominated by clothing stores and London is known worldwide as one of the planets fashion capitals. But who are the people controlling what styles and trends make it to our wardrobes? How much are these people worth? And most importantly how much control do they have on what we wear? To answer these questions, cashback service Quidco have created ‘The Fashion Syndicate’ an interactive database which explores the intricacies of the fashion world. The Fashion Syndicate discovers exactly who owns what as well as uncovering some interesting connections between brands, their CEOs, designers, and most importantly how all of this influences the high street. So, who are the major players controlling our catwalks?
The Billion Dollar Club
Bernard Arnault, the owner of LVMH is worth an estimated 34.4 billion and is responsible for top brands such as Louis Vuitton, Christian Dior and Marc Jacobs. Alain and Gerard Wertheimer, the owners of Chanel S.A are worth an estimated 19 billion and are responsible for world famous brand Coco Chanel. François-Henri Pinault, the owner of Kering is worth an estimated 15 billion. And finally, Sir Philip Greene of Arcadia is worth an estimated 5.6 billion.
The High Street Billionaire Brands include; H&M with an estimated value 15.9 billion, Nike at 27.5 billion, Adidas at 7 billion and Net-A-Porter valued at 3 billion. Cashback service Quidco commented on The Fashion Syndicate: “Here in the UK, fashion is ingrained in our culture, and we wanted to show people exactly who was responsible for the designs we see for sale in our local high street stores. The Fashion Syndicate gives users a comprehensive look at the fashion industry as a whole, helping you decide which high street stores are best for you based on which designers influence them the most. It’s a must have tool for any budding fashionista.”