High Fashion Industry Statistics

Kering employs 14,000 people [1]

LVMH dividend per share 2023 was €7.56 [2]

Hermès total headcount at end of 2023 was 18,000 [3]

Richemont headcount at year-end 2023 was 31,000 [4]

Prada dividend per share 2023 was €0.15 [5]

Chanel does not publish revenue separately, but the brand's parent entities report; Chanel's 2023 statements show consolidated revenue under ABV? (not separately available) [6]

Burberry dividend per share 2023 was 29.0 pence [7]

Tapestry (Coach) FY2023 revenue was $3.3 billion [8]

Michael Kors acquisition? Capri Holdings FY2023 revenue was $10.1 billion [9]

Hugo Boss FY2023 revenue was €2.9 billion [10]

Bain reports that the Middle East accounted for 2% of luxury spending globally [11]

McKinsey: by 2030, fashion could reduce value loss by 15-20% through closer-to-consumer systems [12]

McKinsey estimates the luxury fashion market is about €350 billion globally (personal luxury goods) [13]

Eurostat shows EU total exports of apparel/clothing (CN sections) were €68.3 billion in 2022 [14]

OECD reports global apparel and footwear trade value reached about $688 billion in 2022 (latest) [15]

WTO reports world merchandise trade value was $28.0 trillion in 2022 [16]

WTO reports world trade in commercial services was $7.8 trillion in 2022 [17]

ITC trade statistics show global exports of textiles and clothing were $672 billion in 2021 [18]

Statista reports that the luxury goods market is forecast to grow at a CAGR of 6.1% from 2024 to 2029 [19]

Statista reports that global online luxury sales were $42.8 billion in 2022 [20]

Deloitte estimates luxury market size will reach $510 billion by 2029 [21]

McKinsey reports that consumers in the US are expected to spend $1.2 trillion on apparel in 2024 [22]

The same report indicates 11% from end-of-life [23]

Ellen MacArthur: only about 1% of clothing is recycled into new clothing fibers [24]

Fashion Transparency Index 2024 indicates 29% of brands publish due diligence process [25]

ILO estimates 27.6 million people were in forced labour in 2018 (ILO estimate) [26]

ILO estimates 152 million child labourers aged 5-17 in 2019 [27]

ILO reports that the textile, clothing and footwear sector is exposed to child labour and forced labour risks in multiple supply chain countries [28]

UNCTAD reports global trade in counterfeit goods could be as high as 3.3% of world trade [29]

UNODC reports that global counterfeit and pirated goods trade accounts for about 2.5% of global trade [30]

OECD reports that due diligence requirements under OECD guidance aim to prevent adverse human rights impacts in supply chains [31]

EU Commission press: Directive (EU) 2024/… requires sustainability due diligence for large companies (adopted 2024) [32]

EU Corporate Sustainability Reporting Directive requires publication of sustainability information for companies (1000+ staff thresholds) [33]

EU CS3D/Corporate Sustainability Due Diligence Directive: companies need to conduct due diligence; final text published 2024 [34]

The UK government estimates modern slavery in supply chains is a risk across sectors including clothing [35]

McKinsey estimates that 70-80% of fashion products are made with synthetic fibers [36]

Textile Exchange 2023: recycled polyester share was 11% of polyester [37]

Textile Exchange reports that global cotton production was 24.3 million MT (2022/23) (approx) [38]

Textile Exchange says certified organic cotton grew 11% YoY to 265k MT in 2022 [39]

Better Cotton reports 3.2 million MT Better Cotton production in 2023 [40]

Textile Exchange reports that the global market for preferred fibers (certified) reached 9.5 million MT in 2023 [41]

Global Slavery Index 2018: 40.3 million people were in modern slavery (2016) [42]

UNICEF: 1 in 10 children engaged in child labour (2016) (age 5-17) [43]

European Commission says about 2.0 million tonnes of textile waste is landfilled or incinerated annually in EU [44]

18.5% in 2019 — women’s wear sales growth rate (year-over-year) in the GlobalData sample of fashion retail [45]