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What not to wear: The worst—and best—fashion stocks

A man holding an umbrella walks past a Louis Vuitton store in Shanghai.

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The most fashionable fashion stocks

From New York to Paris, high-fashion is big business.

According to a congressional report that was released last week, the industry pulls in $1.2 trillion each year globally, with more than $250 billion spent in the U.S. The result? A bevy of options for investors hoping to profit off consumers' taste for the finer things.

But not all fashion stocks are created equal. While some style-driven companies have seen their shares rise by nearly 50 percent in the past year, others have had their stock prices slashed by more than 20 percent. That list includes one name that was once a darling of Wall Street, Michael Kors.

As the shows for the fall collections kick off Thursday, here's a look at some of the best- and worst-performing stocks that have a connection to the New York, London, Milan and Paris runways.

It's worth noting that a single collection from a brand typically won't make a break a company, particularly when it's one of several labels in a firm's portfolio.

By CNBC's Krystina Gustafson, with contributions from Giovanny Moreano
Posted 12 Feb. 2015

Rankings are based on the performance of 25 fashion-related stocks over the 12 months that ended Feb. 6. Companies with a market cap lower than $500 million were excluded.

Tomohiro Ohsumi | Bloomberg | Getty Images