According to Forbes' Global 2000 list, French fashion empire Christian Dior, incepted in 1947, has retained its position as the world’s largest retailer focused on clothing, shoes and accessories.
The high-end retailer witnessed its sales rise by double digits last year to a record-breaking 44 billion euros ($49 billion).
This makes it the 150th largest company on the Global 2000 list of the world’s biggest and most powerful public companies, as measured by a composite score of revenues, profits, assets and market value.
The fashion house benefits from a 41% stake in LVMH, the French luxury empire that owns 70 brands including Louis Vuitton, Dom Pérignon and Sephora. LVMH, which is run by French billionaire Bernard Arnault (net worth: $86 billion), in turn wholly owns Christian Dior.
The companies have had a complicated ownership structure for years, with LVMH acquiring the remaining portion of Christian Dior that it didn't already own last year in a $13 billion deal.
