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.
As financial uncertainty deepens at Saks Global, one of the world’s largest multi-brand luxury retail groups, Italian luxury brand Brunello Cucinelli has made clear that it will continue to stand by its department store–focused wholesale strategy, Reuters reports.
Fanny Moizant, co-founder and president of the French luxury resale platform Vestiaire Collective, has left the company.
On January 5, Y’s—the first brand created by Yohji Yamamoto—unveiled its latest photo series for the 2026 Spring/Summer collection, TOKYO: HELD MOVEMENT, photographed in Tokyo by Max Vadukul.
On January 5, the Japan Fashion Week Organization (JFWO), the organizer and operator of Japan Fashion Week, announced the launch of a new logo to mark the event’s 20th anniversary.
One of Asia’s largest textile trade fairs, Intertextile Shanghai Apparel Fabrics – Spring Edition 2026, will take place over three days from Wednesday, March 11, to Friday, March 13, 2026, at the National Exhibition and Convention Center (Shanghai) in China.