On October 30, 2024, Prada Group, based in Milan, announced it had achieved a remarkable 18% year-over-year increase in net revenue for the nine months ending September 30, defying the prevailing downturn in the luxury market.
On October 28, the 2024 CFDA Fashion Awards, presented by Amazon Fashion, took place at the American Museum of Natural History.
On October 28, multiple media outlets reported that The Estée Lauder Companies intends to appoint Stéphane de La Faverie, the company’s Executive Group President, as its next CEO.
CLO Virtual Fashion Inc., a leader in the fashion technology industry, has launched its new dedicated learning platform, “CLO Academy,” specifically designed for digital fashion design.
American luxury jewelry brand David Yurman has launched its 2024 holiday campaign, showcasing its most influential cast to date.
The American luxury brand industry was shaken on October 24 as the U.S. District Court for the Southern District of New York halted Tapestry, Inc.’s ambitious $8.5 billion acquisition of Capri Holdings Limited.
Canadian sustainable and ethical jewelry brand Mejuri has announced a new scholarship program, the Design Excellence Award Scholarship Fund, aimed at supporting the next generation of jewelry designers.
On October 25, TFG London, the South Africa-based fashion retail giant, acquired the British fashion and lifestyle brand White Stuff.
Hermès announced on October 24th in its third-quarter earnings report that sales increased by 11.3% compared to the same period last year.
On October 23, French luxury conglomerate Kering announced that its third-quarter revenue amounted to €3.78 billion (approximately $4.08 billion), a 16% decline compared to the same period last year.