The top Burberry Competitors are Armani, LVMH, Prada, Coach, Gucci, Versace, Christian Dior, Hermes, Kering, Kate Spade, Michael Kors. Burberry is a British fashion industry player that was formed during the year 1856 and is headquartered in London, United Kingdom. Its main fashion products focus on trench coats, fashion accessories, ready-to-wear outwear, sunglasses fragrances, and cosmetics.
It had a brand value of about 5.9 billion U.S. dollars in 2022. Its revenue is $3.729B as of 2023.
Burberry Group annual net income for 2023 was $0.591B. Burberry Group annual gross profit for 2023 was $2.631B. Burberry Group annual operating income for 2023 was $0.792B. Burberry had a total of 413 stores in operation around the world as of April 1, 2023. It has a Market cap of $9.97B as of September 08, 2023.
The company has initially developed outdoor attire, it gradually moved into high fashion market. This brand is synonymous with British fashion. The brand’s checked pattern is most widely copied trademark worldwide. Their products are sold through retail and wholesale channels.
Here are some top Burberry competitors :
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1) Armani
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: July 24, 1975, Milan, Italy
- Founders: Giorgio Armani and Sergio Galeotti
- Headquarters: Milan, Italy
- Area served: Worldwide
- Current CEO: Giorgio Armani
- Revenue: 2.35 billion (2022)
- Brand Value: 13 billion U.S. dollars (2022)
A top Burberry competitor, Armani is a popular Italian fashion house that was formed during the year 1975 and is headquartered in Milan, Italy. The company designs various products like leather goods, watches, goods, accessories, cosmetics, and many more. Their products are available with multiple labels like Armani Jeans, Giorgio Armani Prive, and Giorgio Armani.
This brand is looked upon as an aspiring brand due to their multiple categories of products. Due to their steady growth over the past years, it has attained great revenue. It is the highest brand in the fashion industry and is also famous for hand-stitched clothing. Based on the customer requirements, it produces hand stitching apparels. They are popular for its unique designs.
The company is popular for its innovative marketing strategies. It has strong tie-ups with celebrity and the corporate world. The customers have a great positive experience of the brand when they come out of the store.
The Armani Group is one of the leading fashion and luxury goods groups in the world today with 4,600 direct employees and 13 factories. The Group’s exclusive retail network currently comprises: 500 stores world wide, 81 Giorgio Armani boutiques, 17 Armani Collezioni stores, 171 Emporio Armani stores, 165 A/X Armani Exchange stores, 16 AJArmani Jeans stores, 6 Armani Junior stores, 1 Giorgio Armani Accessori store and 33 Armani Casa stores in 46 countries.
The Armani Group closes 2022 with consolidated revenues of 2.35 billion euros. In 2022 the Armani Group achieved a pre-tax net profit of 218 million euros.
Due to the great brand value, Armani is considered a top Burberry competitor.
2) LVMH
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Luxury goods
- Founded date: June 3, 1987, Paris, France
- Founders: Henri Racamier and Alain Chevalier
- Headquarters: Paris, France
- Area served: Worldwide
- Current CEO: Bernard Arnault
- Revenue: €42.2 billion (H1, 2023)
- Market cap: 395.98B (September 8, 2023)
- Number of employees: 196,000
A popular French luxury goods company, LVMH was formed during the year 1987 and is headquartered in Paris, France. The company was formed after the merger of two popular fashion companies Moet Hennessy and Louis Vuitton. It has about 75 subsidiaries that manage a few prestigious brands.
The company has a huge product line like cosmetics, clothing, jewelry, fashion accessories, perfumes, wines, and watches. This brand deals with main the best quality of goods. Their designs are very creative and traditional.
The company uses skilled workers who are professionals to work with their designs instead of using machines to create their unique products. LVMH products are available worldwide and it maintains a great quality in products.
Profit from recurring operations for the first half of 2023 was up 13% at €11 574 million. Operating margin reached 27.4% of revenue. Group share of net profit was up 30% at €8 481 million. The Wines & Spirits business group recorded a slight revenue decline (3% organic) in the first half of 2023. The Fashion & Leather Goods business group recorded organic revenue growth of 20% in the first half of 2023.The Perfumes & Cosmetics business group recorded organic revenue growth of 13% in the first half of 2023. The Watches & Jewelry business group achieved organic revenue growth of 13% in the first half of 2023.
Due to their great products and its unique designs, LVMH is considered one of the top Burberry competitors.
3) Prada
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1913, Milan, Italy
- Founders: Mario Prada
- Headquarters: Milan, Italy
- Area served: Worldwide
- Current CEO: Andrea Guerra
- Revenue: €4.2 bln (2022)
- Market cap:$15.88 Billion (September 2022)
- Number of employees: 13,768 (2022)
A top Burberry competitor, Prada is an Italian accessory and apparel industry that was formed during the year 1913 and is headquartered in Milan, Italy. One cannot resist buying Prada products who design various products in multiple categories like handbags, travel accessories, ready-to-wear, shoes, and other products.
Prada is recognized globally and customers love to buy it due to their great quality that has a special focus on colors, clean lines, and fabrics. Their products are available for men and women. For kids, the company has started separate clothing called MiuMiu.
Prada had Retail Sales of €3.7 bln in 2022. Prada had a Gross Margin at 78.8% of Revenues, equal to €3.3 bln in 2022. The Group designs, manufactures and distributes ready-to-wear collections, leather goods and footwear in more than 70 countries through a network of 612 stores as well as e-commerce channels, selected e-tailers and department stores around the world. The Group, which also operates in the eyewear and fragrances sector through licensing agreements, has 24 owned factories and approximately thirteen thousand and seven hundred employees.
The company has about 612 stores that are located in various locations like malls, multi-purpose buildings, and megastores across the world. Prada products are also available to their customers online. The company actively participates in various shows to enhance their visibility.
Due to their great brand value, Prada is considered one of the top Burberry competitors.
4) Coach
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1941, New York City, United States
- Founders: Miles Cahn and Lillian Cahn
- Headquarters: New York City, United States
- Area served: Worldwide
- Current CEO: Todd Kahn
A leading design house of modest luxury accessories and lifestyle collections, Coach was formed during the year 1941 and is headquartered in New York, United States. This brand approaches its design with a modern vision. It redefines luxury with great innovation.
The company was started as a family-run workshop to make various beautiful and functional items from the finest leathers in modern shapes. As an innovator in leather goods and accessories, the brand was set up to establish the Original American House of Leather. The company produces a great collection of handbags, shoes, accessories, and ready-to-wear products each having an innovative design.
In 2023, Coach’s women’s handbags generated net sales of about 2.45 billion U.S. dollars. Coach has over 950+ directly-operated Coach Stores located in 21 countries.
This brand has a great brand image and their handbags are positioned as a high-class bag manufacturer. The products are manufactured using the best quality leather. The company has a strong distribution network in the United States having about 1000 stores that sell exclusive Coach Product. There are 300 Coach stores in the United States as of August 09, 2023.
Due to their high brand value, Coach is considered top Burberry competitors.
5) Gucci
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1921, Florence, Italy
- Founders: Guccio Gucci
- Headquarters: Florence, Italy
- Area served: Worldwide
- Current CEO: Marco Bizzarri
- Revenue: €10,135 million (H1, 2023)
- Brand Value: $17.8 billion
Gucci, an Italian Fashion industry is a top Burberry competitor that was formed during the year 1921 and is headquartered in Florence, Italy. The company is an Italian brand that focuses on leather and fashion goods. Gucci had a total of 528 stores in operation around the world as of December 31, 2022. heir products are also available through various franchises and upscale department stores.
It is a multi-branded company and has a strong international exposure. Gucci provides an excellent service for their qualitative products. It presents a great sense in the fashion world and keeps updating their product design to meet the current fashion trend.
Net income attributable to the Group was €1.8 billion in the first half of 2023. Gucci’s recurring operating income totaled €1.8 billion in the first half of 2023.
The company has a strong presence in the international market by having about 528 stores across many countries. It has its major presence in the US, UK, and Japan and also in few other emerging countries.
Due to their great brand value, Gucci is considered one of the top Burberry competitors.
6) Versace
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1978, Milan, Italy
- Founders: Gianni Versace
- Headquarters: Milan, Italy
- Area served: Worldwide
- Current CEO: Donatella Versace
- Revenue: 1.1 billion U.S. dollars (2023)
Versace is an Italian fashion company that was formed during the year 1978 and is headquartered in Milan, Italy. The main collection of this brand is ready-to-wear and accessories. It designs manufactures, distributes lifestyle and fashion products that include jewelry, watches, fragrances, eyewear, and home furnishings.
It distributes their products through a worldwide network which includes about 200 boutiques. It also reaches out to their customers through 1500 high-class department stores and retail segment. The company also offers online support for the customers to purchase products and also to even customize the designs.
This brand has multiple segments across all ages and gender. Initially, Versace developed fashion products for adults that contain party and formal wear apparel. Over the years, the company started to produce products for the younger age group as well.
Due to their great quality products, Versace is considered one of the top Burberry competitors.
7) Christian Dior
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1946, Paris, France
- Founder: Christian Dior
- Headquarters: Paris, France
- Area served: Worldwide
- Current CEO: Pietro Beccari
- Revenue: EUR 21,120 B (June 2023)
- Market cap: $148.42 Billion (September 2023)
Also a top Burberry competitor, Christian Dior is a European luxury goods company that was formed during the year 1946 and is headquartered in Paris, France. The company designs and produces leather goods, ready-to-wear apparel, footwear, fashion accessories, fragrances, makeup, and many more.
Though this brand is mainly for women’s products, over the years Christian Dior started producing for men and kids as well. It has a strong brand image and has a lot of visibility among the customers.
The company’s offering is a one-stop destination for fashion people. The company has a strong heritage for many years and also seen worldwide. The main strength for this brand is its acquisition of Louis Vuitton which is one of the largest luxury firms in the world.
Dior products are sold in more than 220 Dior boutiques around the world. The company’s gross profit was EUR 14,658.50 B as of June 2023 and the net income was EUR 1,756 B.
Due to their great brand value and products, Christian Dior is considered one of the top Burberry competitors.
8) Hermes
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1837, Paris, France
- Founder: Thierry Hermès
- Headquarters: Paris, France
- Area served: Worldwide
- Current CEO: Axel Dumas
- Revenue: €3,380 million (Q1, 2023)
- Market cap: $214.74 Billion (September 2023)
- Number of employees: 19,686 (2022)
- Brand Value: $14.2 billion
Hermes International is a French fashion luxury goods company that was formed during the year 1837 and is headquartered in Paris, France. The company specializes in producing various products like lifestyle accessories, leather, home furnishings, jewelry, watches, and ready-to-wear apparel.
It is high-end luxurious fashion clothing and a luxury brand. It has a strong brand name and an international presence. It markets its products worldwide through a network of about 315 stores out of which approx. 223 stores are operated directly.
The company has its business operations in about 52 production units across Japan, France, Europe, America, and Asia-Pacific. The company has about 19,686 employees working for them. The company has been associated with popular designers.
Hermes generated a net profit of €2,226 million during the first quarter of 2023. The company’s perfume and beauty revenue for the first half was €249 million, as compared to €230 million in the previous year.
In 2023, the group announces four new production sites in France: Espagnac, Loupes, Riom, and Charleville-Mézières. Hermès also presents “Hermès in the Making,” a traveling exhibition across France in 2023, showcasing its artisanal craftsmanship.
Due to their great brand image, Hermes is considered one of the top Burberry competitors.
9) Kering
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Luxury goods
- Founded date: 1963, Paris, France
- Founder: François Pinault
- Headquarters: Paris, France
- Area served: Worldwide
- Current CEO: François-Henri Pinault
- Revenue: €10.1 billion (H1, 2023)
- Market cap: $65.37 Billion (September 2023)
- Number of employees: 42,637 (2022)
- Brand Value: 20.35 billion euros (2022)
An international luxury brand, Kering was formed during the year 1963 and is headquartered in Paris, France. The company owns various luxury brands that include, Gucci, Balenciaga, Boucheron, and many more. It is a global luxury brand that manages the development of many products like luxury watches, Jewelry, and Watches. Its brand name consists of Puma, Volcom, Cobra, Electric, Tretorn, Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Qeelin, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, and JeanRichard.
Kering is a leading player in luxury that stands for Imagination. It manages the end to end development of many products. It places creativity at heart of their strategy thereby enabling them to set new limits for their products.
The company’s approach to empowering imagination takes many forms. It means that it provides back-end services to various brands. By this, they focus on innovation and product design.
Kerings’ Net income attributable to the Group as of H1, 2023 is €1,785 million whereas Recurring operating income is €2,739 million.
Due to their great services and unique product design, King is considered one of the top Burberry competitors.
10) Kate Spade
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1993, New York City, United States
- Founders: Kate Spade and Andy Spade
- Headquarters: New York City, United States
- Area served: Worldwide
- Current CEO: Stuart Vevers
Yet another Burberry competitor, Kate Spade is a popular Fashion industry that was formed during the year 1976 and is headquartered in New York, United States. This fashion company designs and produces many products like apparel, perfumes, and accessories. It maintains a noticeable position in the market.
The company’s products are unique and its product innovation has led to a successful track record. Ever since its formation, the company has built a strong brand portfolio. This strong brand portfolio is useful at the time when the company wants to expand into new product categories.
Kate Spade has a highly skilled workforce who is behind their great successful designs. The company has taken great care to streamline their operations by integrating with many technology companies over the years.
In the year 2022, Kate Spade generated net sales amounting to approximately 1.45 billion U.S. dollars, the highest over the recorded time period. In the fiscal year ended on July 2, 2022, the gross profit of Kate Spade was 912 million U.S. dollars. As of July 2, 2022, Kate Spade had 207 directly-operated locations throughout North America.
Due to their great effort in business and their product design, Kate Spade is considered one of the top Burberry competitors.
11) Michael Kors
- Product Type: Luxury fashion, cosmetics, and perfumes
- Industry: Fashion
- Founded date: 1981, New York City, United States
- Founder: Michael Kors
- Headquarters: New York City, United States
- Area served: Worldwide
- Current CEO: John Idol
- Revenue: 3.88 billion U.S. dollars (2023)
- Number of employees: approx 14,600 (2023)
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear. The brand was established in 1981 by Michael Kors in New York, and it currently produces a wide range of products, including clothing, handbags, footwear, accessories, and fragrance lines for both men and women. The brand’s heritage is rooted in iconic designs with a modern twist, and it has become synonymous with luxury, sophistication, and an unwavering commitment to timeless style. It has become a favorite of many celebrities and fashion enthusiasts.
Michael Kors is known for its classic, timeless designs that are both elegant and practical. Michael Kors has won several awards, including the 1999 CFDA award for womenswear designer of the year and the 2003 CFDA award for menswear designer of the year. The company’s culture is focused on creativity, innovation, and a commitment to excellence.
The company currently has over 1,200 stores.
Conclusion
The Fashion industry should be on the track to meet the demands of the customers. All the above mentioned Burberry competitors motivate the Burberry Company to come up with great designs and to also be at the top of the fashion industry.
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