On January 26, U.S. makeup brand Pat McGrath Labs filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code.
On January 25, ssstein unveiled its Fall/Winter 2026 Menswear & Womenswear collection during Paris Fashion Week.
On January 23, Authentic Brands Group (ABG) announced that it has taken the American denim brand Guess private.
On January 22, AMIRI unveiled its Fall/Winter 2026 men’s and women’s collection during Paris Fashion Week.
Giambattista Valli Cancels Spring 2026 Haute Couture Show — Uncertainty Surrounds the Brand’s Future
Paris-based couture house Giambattista Valli has canceled its Spring 2026 Haute Couture show in Paris just days before it was scheduled to take place.
Valentino Garavani, the legendary Italian couturier, has died at his residence in Rome. He was…
On January 15, Swiss luxury group Richemont announced its results for the third quarter ended December 31, 2025. Group sales reached €6.4 billion, representing an 11% year-on-year increase at constant exchange rates.
Saks Global Files for Chapter 11: Creditors Estimated at Up to 25,000, Liabilities Up to $10 Billion
The U.S. luxury department store group Saks Global has filed for Chapter 11 bankruptcy protection. The company estimates it has up to 25,000 creditors, with total liabilities reaching as much as $10 billion, and global luxury brands including Chanel are listed among its unpaid creditors.
On January 14, U.S. luxury department store group Saks Global announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
The world’s largest retail industry conference, NRF Retail’s Big Show 2026, has opened in New York. On the first day, the world’s largest luxury group, LVMH, took the stage under the theme “The Fusion of Craft and Intelligence,” presenting its vision for luxury in the age of AI—not as a set of tactics, but as a guiding philosophy.