I’m a hard core brand lover, are you a brand lover too? It is only brand and brands everywhere. So if dressings are your love and have the itch to purchase high end cloths, why not invest in the trusted clothing brands?
You will be amazed to know how much people invest in luxury brands by knowing their business profit lines. So let’s dig in more to know about the expensive brands in the world
If someone has to speak about the Italian fashion house, it is always about famous brand Gucci. Gucci has also supported many campaigns supporting women empowerment and they earn flat revenue of more than €4.7 Billion a year.
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For example, an American fashion company might source fabric in China and have the clothes manufactured in Vietnam, finished in Italy, and shipped to a warehouse in the United States for distribution to retail outlets internationally. The fashion industry has long been one of the largest employers in the United States, and it remains so in the 21st century. However, employment declined considerably as production increasingly moved overseas, especially to China. Because data on the fashion industry typically are reported for national economies and expressed in terms of the industry’s many separate sectors, aggregate figures for world production of textiles and clothing are difficult to obtain . However, by any measure, the industry accounts for a significant share of world economic output.
The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion. These levels consist of many separate but interdependent sectors, all of which are devoted to the goal of satisfying consumer demand for apparel under conditions that enable participants in the industry to operate at a profit.