The fashion industry is one of the most profitable businesses in the world. If you think about it, almost everyone can be considered a consumer of fashion since we cannot live without wearing clothes. This industry has seen many changes over the past few years and has brought us great designers such as Oscar de la Renta, Diane von Furstenburg, and Gucci, to name just a few. Fashion is an industry that has grown exponentially in the last few decades. With designers like Ralph Lauren, Michael Kors, and Christian Dior making waves across the fashion world, it is no surprise that these are some of the most valuable brands on earth. Today I will talk about 5 leaders in the fashion industry, with some of these brands recently being bought out by investors for an astounding amount. 1. LOUIS VUITTON - ESTIMATED WORTH $28 BILLION Louis Vuitton gained fame in 1854 when it was founded by Mr. Louis Vuitton, who later turned his enterprise into a worldwide known company back then soon after. This company has some of the most famous and expensive bags in the industry, with many celebrities going nuts over them, such as Kim Kardashian, Jennifer Lopez, and even Oprah Winfrey. The biggest achievement for this company came recently when it was purchased by a South Korean conglomerate at $850 million, making it worth an estimate of 28 billion dollars today. 2. RALPH LAUREN - ESTIMATED WORTH $12 BILLION The second last fashion brand on our list is one that needs no introduction for people worldwide since most of us have probably heard about this name before, having seen the logo represented through countless items such as ties or scarfs all around us. Another great milestone has been reached by this brand recently when it was bought out at 8 billion dollars which makes it worth an estimate of 12 billion today. 3. HERMES - ESTIMATED WORTH $10 BILLION Hermes is another great fashion brand that was founded in 1837 and since then has offered luxury leather goods such as bags, shoes, or belts for both men and women who can afford to buy their products. In 1949 the company opened its first store in Paris, and it currently owns a total of 26 boutiques scattered across New York City, London, Milan, and Paris – read more about this brand at - http://thejewelryexpert.com/top-5-most-valuable-fashion-brands/hermes/. Last year this company managed to reach over 1 billion dollars when it was out through private investors at 10 billion dollars which makes it worth an estimate of 10 billion today. 4. CHANEL - ESTIMATED WORTH $8.5 BILLION Chanel is another group that needs no introduction in fashion circles, with the company being founded back in 1910 by Ms. Coco Chanel, who was considered at one point named as one of the most influential people worldwide – read more about her at http://www.biographyonline.net/fashion/coco-chanel-. This brand had also managed to reach a great milestone when it was bought out recently for 5 billion dollars at 8.5 billion dollars, making it worth an approximate estimation of 8.5 billion today from their famous range of products such as perfume or accessories. 5 . BURBERRY - ESTIMATED WORTH $6.5 BILLION Last but not least is a name that we have all heard of before – Burberry. To be more specific, in 1856, this company was first founded by Thomas Burberry, who designed an innovative waterproof fabric which later on managed to make the brand famous around the world – read more about it at http://top-fashion-schools.com/burberry/. The biggest achievement for this company came last year when it was bought out at 5.1 billion dollars, making it worth an estimate of 6.5 billion today from its famous line of products such as bags, clothes, and even perfumes, among others. The top 5 most valuable fashion brands are all American companies. These five apparel and footwear giants have the power to change how we think about fashion as a whole, but there is still room for other countries to make their mark in this industry. Nike is currently on top with over $32 billion in total revenue last year alone. Under Armour follows closely behind at just under $4 billion less than Nike's 2017 sales figure, with Adidas coming up third place with an impressive turnover of more than 18 billion euros annually. It might be time to start looking towards these three stalwart US-based firms for some inspiration when it comes time to rebrand your own company or create new marketing campaigns that will really get people talking.