In the business circles, branding is a major driver of success. Branding plays a major role in improving the bottom line of companies. This is more evident in the high street fashion industry than in any other business segment. In high street fashion, brand names are very crucial in drumming up business.
However, few people, if any, give thought to the owners of their favorite brands. Read on this synopsis of the owners of the major brands and their businesses. It will acquaint you with the main player and beneficiaries of the fashion industries in the UK.
The high street fashion industry is centralized by 8 players. These 8 players own the majority of the popular brands of clothes we wear. However, the majority of the most popular brand are owned by five holding companies, which have over the years acquired smaller, up-and-coming brands to cement their place in the fashion industry and grow their market.
The Five major brands are:
#1. H&M Group – H&M Group owns brands such as H&M COS, Monki, Weekday, Cheap Monday, and & Other Stories. The net income of H&M Group is in the range of £1.7 billion per annually.
#2. Inditex – Inditex is the owner of 8 internationally renowned brands, which include Zara, Oysho, Pull & Bear, Zara House, Bershka, Uterque, Massimo Dutti and Stradivarius. The net income of the company is the range of £903 million per annually.
#3. GAP Inc. – This holding company owns brands such as GAP, Old Navy, Banana Republic Athleta and Intermix and has net income of £648 million annually.
#4. Arcadia Group – The Arcadia group owns popular brands such as Topman, Topshop, Wallis, Evans, Dorothy Perkins, Outfit, Miss Selfridge and Burton Menswear accruing the company a net income of £205 million.
#5. Urban Outfitters – Urban Outfitters has a net income of £163 million that comes from owning brands like Urban Outfitters, BHLDN, Terrain, Anthropologie and Free People.
The other major players include French Connection, Peter Simon and the new kid on the block Kamani. In total, the five major players generate income to the tune of £3.7821 billion. When you include the remaining three holding companies, that figure rises higher. This is big money business! Read the full report here http://newsblaze.com/business/latest-business/who-owns-our-high-street-fashion-brands_56079/
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