On April 23, Kering, one of France’s giant luxury conglomerates, announced that it expects a 40%-45% decline in operating income for the first half of the year, following a drop in first-quarter sales for its flagship Gucci brand.
On April 23, it was announced that former Gucci CEO Marco Bizzarri has joined the board of directors of sneaker brand Golden Goose.
On April 18, Beautycounter, a well-known clean beauty brand, was bought back by founder and CEO Gregg Renfrew.
Swarovski Opens First Italian Flagship Store in Milan
On April 18, Louis Vuitton presented the Pre-Fall 2024 Women’s Collection by Nicolas Ghesquière at the Voyager Show held at the Long Museum in Shanghai.
Gucci, led by Creative Director Sabato De Sarno, will hold its 2025 Cruise Show at the Tate Modern in London on May 13, 2024.
British leather shoe brand Dr. Martens has filed a lawsuit against Chinese online retailer Temu.
On April 15, Dior presented its pre-fall collection at the Brooklyn Museum in New York.
KIKI World, a Los Angeles-based company that sells beauty products such as temporary hair paint and a liquid makeup pen, recently raised $7 million in funding from investors including New Incubation Ventures (NIV), the investment arm of Estee Lauder Inc.
Thom Browne recently collaborated with Saks Fifth Avenue, a luxury department store in the United States, to launch a limited edition capsule collection.