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Revenue: US$15.25 billion
Country of Origin: France
Founded: 1963
Employees: 36,000
Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, shoes manufacturer including Gucci, Bottega Veneta, Volcom, and chief Adidas rival Puma. It is the world's third largest luxury goods company, ranking behind LVMH and Richemont.
The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. It went through other variations before ending up as Kering in 2013. Kering has been a constituent of the CAC 40 index since 1995 and has been headed by François-Henri Pinault, the founder’s son, since 2005.
Kering’s main athletic shoe brand, Puma, recently made a splash when its sneaker, Faas, was worn and endorsed by the fastest man in the world, Usain Bolt.
In 1963, François Pinault opened Établissements Pinault specializing in timber trading in Brittany (France) with loans from his family and bank. The company changed its name to Pinault SA and achieved organic growth through acquisitions. In 1988, Pinault SA was listed on the Paris Stock Exchange.
In 1989, Pinault SA purchased a 20% stake in CFAO, a French distribution group active in Africa. In 1990, Pinault SA and CFAO merged, and François Pinault became the head of the newly formed group. This accelerated its acquisitions in the retail sector: Conforama (French furniture retailer) in 1991, Printemps (French department store) in 1992, the company also owns 54% of La Redoute (French mail-order shopping retailer), and Fnac (French bookstore), multimedia and electronics retailer) in 1994. In order to cope with its new activities, the group changed its name to Pinault-Printemps-Redoute in 1994.
In 1999, Pinault-Printemps-Redoute acquired a 42% controlling stake in Gucci Group for USD 3 billion and Yves Saint Laurent 100%. These acquisitions mark the cornerstone of the group's transformation into luxury goods. After Gucci, Pinault-Printemps-Redoute acquired Boucheron (2000), Bottega Veneta (2001), Balenciaga (2001), and signed a strategic partnership with Alexander McQueen and Stella McCartney. In 2004, Pinault-Printemps-Redoute reached 99.4% ownership of Gucci.
Revenue: US$12.3 billion
Country of Origin: USA
Founded: 1899
Employees: 70,000
The VF Corporation is an international conglomerate which owns several elite apparel, footwear and accessory brands. Founded in 1899 as the Reading Glove and Mitten Manufacturing Company, VF has since grown into one of the top manufacturers in its sector. The VF Corporation is headquartered in Greensboro, North Carolina and does business in 170 countries.
Initially, VF was not involved in the footwear industry but has since become a major player through the acquisition of some iconic brands in the footwear space, shoes manufacturer companies ，including Timberland and Altra.
In 2017, VF returned approximately US$1.9 billion to shareholders through dividends and share repurchases.
VF purchase of Blue Bell Holding Company, Inc. for $762 million adds the Wrangler, Rustler, Jantzen, JanSport and Red Kap brands to the portfolio. The acquisition effectively doubles VF’s size and makes it the largest publicly held clothing company.
VF becomes one of the two largest jeans makers in the world, with 25 percent of the $6 billion market.
Revenue: US$4.64 billion
Country of Origin: USA
Founded: 1992
Employees: 11,800
One of the newer shoes manufacturer companies on this list, Skechers, a family business, was founded by Robert Greenberg, who has served as the Chairman of the Board and Chief Executive Officer since its inception in 1992. Robert’s son Michael serves as President and Co-Founder of Skechers.
Skechers is headquartered in Manhattan Beach, California but has production and sales operations that reach every corner of the globe, with more than 3,000 retail outlets in 170 countries.
Skechers boasts more than 3,000 different styles in casual shoes, work shoes and dress shoes, and in 2018 alone, the company shipped more than 170 million pairs.
The company offers two footwear categories: a lifestyle department including SKECHERS memory foam, charity series BOBS and easy-fitting comfortable shoes, and a performance department including SKECHERS GOrun and Skechers GOwalk footwear. Through the license agreement, the company provides branded bags, watches, glasses and other goods.
Skechers uses celebrity-driven advertising and promotes its products with celebrities, including recording artists Demi Lovato and Camila Cabello, baseball players Clayton Kershaw, David Ortiz, and football players Tony Romo and Howie Long. The Skechers performance department features elite runner Meb Keflezighi, and professional golfers Matt Kuchar, Brooke Henderson and Wesley Bryan. In 2014, Skechers signed an endorsement agreement with musician Ringo Starr.
On March 1, 2019, Skechers launched a print and digital comparison advertising campaign called "Just Bew It" to highlight the failed shoe incident between Zion Williamson and rival Nike.
Learn More: Shoes Vamp Manufacturing Techniques
Revenue: US$4 billion
Country of Origin: USA
Founded: 1906
Employees: 8,000
New Balance is an American apparel and shoes manufacturer company founded over a century ago by William J Riley as the New Balance Arch Support Company. The name comes from Riley’s original arch support, which had a three-prong design providing a “new balance in the shoe.” Today, New Balance manufactures athletic shoes, apparel, sportswear, and sports equipment.
New Balance is based in Boston, Massachusetts, and conducts business in more than 120 different countries around the world. In 2017, Forbes ranked New Balance second in its list of Best Mid-Sized American Employers and 184th overall in their Fortune 500 list.
Today, New Balance is a multinational corporation headquartered in Boston, MA. The company is still headed by Jim Davis, New Balance now makes a plethora of sneakers and apparel, including specialized products for sports such as football, cricket, basketball, and cycling. New Balance launched a skateboarding shoe brand dubbed “New Balance Numeric” that is distributed by Black Box Distribution, a company founded by professional skateboarder Jamie Thomas. The numeric line has allowed New Balance to tap into the lifestyle market and resonate with younger customers.
Revenue: US$3.58 billion
Country of Origin: Japan
Founded: 1949
Employees: 8,223
ASICS is Japan's shoes manufacturer of athletic shoes, apparel and sports equipment. Founded and still based in Kobe, ASICS began shortly after WWII when Kihachiro Onitsuka launched an athletic footwear company with the aim of inspiring Japanese youth to be more physically active. In 1977, he changed the name of his company to an acronym representing the Latin phrase “anima sana in corpore sano,” which translates to “a sound mind in a sound body.”
ASICS signature shoe, the Onitsuka Tiger, was also the company's first product, released in 1949. The success of the Tiger prompted a young Phil Knight (Co-Founder of Nike) to start his own athletic shoe company so he could distribute the Onitsuka Tiger in the US. Today, ASICS makes 437 different styles of athletic shoes for men and women.
ASICS Ltd. began as Onitsuka Co., Ltd on September 1, 1949.Founder Kihachiro Onitsuka began manufacturing basketball shoes in his home town of Kobe, Hyogo Prefecture, Japan. The range of sports activities serviced by the company expanded to a variety of Olympic styles used throughout the '50s, '60s and '70s by athletes worldwide. Onitsuka became particularly renowned for the Mexico 66 design-- in which the distinctive crossed stripes (now synonymous with the company brand) were featured for the first time. Martial-arts star Bruce Lee was the first known celebrity to popularize this design. Onitsuka Tiger merged with GTO and JELENK to form ASICS Corporation in 1977. Despite the name change a vintage range of ASICS shoes are still produced and sold internationally under the Onitsuka Tiger label.
ASICS generated 171 billion yen in net sales and 13 billion yen in net income in fiscal year 2006. Sixty-six percent of the company's income came from the sale of sports shoes, 24% from sportswear, and 10% from sports equipment. Forty-nine percent of the company's sales were in Japan, 28% in North America, and 19% in Europe.
ASICS bought the Swedish outdoor brand Haglöfs, for SEK1,000,000,000 ($128.7million) on July 12, 2010.[12] The company announced on October 4, 2011 that it would be the new official kit manufacturer for the Australian Cricket Team--replacing German manufacturer Adidas.
ASICS announced in March 2021 that it would continue to source cotton from Xinjiang despite public criticism that such cotton had been produced with forced Uyghur labor.