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Dior has unveiled a unique and special capsule collection, “Dior & Otani Workshop,” a collaboration between Creative Director Kim Jones and renowned Japanese contemporary artist Otani Workshop.
On January 5, it was announced that Frédéric Arnault, chief executive of Swiss sports watch brand TAG Heuer, will become CEO of the LVMH watches.
Louis Vuitton’s Spring/Summer 2024 collection, the first collection since Pharrell Williams took over as Men’s Creative Director, began hitting store shelves around the world this week.
In this article, following Summary of Memorable News in the Fashion Industry 2023, OSF’s editorial team has carefully selected the most notable news that occurred in the fashion business industry in 2023.
With the fashion industry slowly recovering from the pandemic, 2023 was a year of news in many different fields. What stories have left the most lasting impression on you?
In this article, OSF’s editors have carefully selected the most noteworthy news in the fashion industry in 2023.
Uniqlo will team up with Finnish brand Marimekko for the first time in six years to launch a limited-edition collection on New Year’s Day 2024.
On December 23, The Shiseido Americas Corporation, a Shiseido Company subsidiary, announced the acquisition of DDG Skincare Holdings LLC, which owns Dr. Dennis Gross Skincare.
On March 17, ZARA, the flagship brand of the Inditex Group, announced a two-year creative partnership with John Galliano. The collections will debut in September 2026 and will be released seasonally throughout the duration of the partnership.
On March 11, global beauty retail giant SEPHORA announced an official partnership with F1 ACADEMY™, joining the all-female racing series as its Official Partner and Official Beauty Retail Partner.
On March 11, Los Angeles–based modern fine fragrance brand PHLUR announced its upcoming expansion into the European and Mexican markets through Sephora.
On March 11, Spanish fashion group Inditex announced its financial results for fiscal year 2025, reporting continued growth in both revenue and profit. Net sales reached €39.9 billion, while net income rose to €6.2 billion, marking new record levels for the company.
On March 11, U.S.-based consumer technology platform Quince announced that it has raised $500 million in a Series E funding round. Following the financing, the company’s post-money valuation reached $10.1 billion.
U.S. luxury department store group Saks Global announced on March 6 that it plans to close a total of 15 stores, including 12 Saks Fifth Avenue locations and three Neiman Marcus stores.
On March 17, ZARA, the flagship brand of the Inditex Group, announced a two-year creative partnership with John Galliano. The collections will debut in September 2026 and will be released seasonally throughout the duration of the partnership.
On March 16, Japanese luxury jeweler TASAKI announced the appointment of Richard Collasse as Global CEO, simultaneously unveiling a major overhaul of its group leadership structure — a move aimed at accelerating the brand’s expansion on the world stage.
Tiffany & Co., the New York-born luxury jewelry house, has announced the appointment of Academy Award-winning actress, producer, and director Natalie Portman as its new Global House Ambassador.
On March 12, Prada Beauty announced the appointment of Bella Hadid as the brand’s first-ever Global Beauty Ambassador.
On March 12, Stéphane Bianchi, who heads the Watches & Jewelry division of LVMH Moët Hennessy Louis Vuitton, announced the appointment of Béatrice Goasglas as the new CEO of TAG Heuer, effective May 1, 2026.
Etro and its creative director, Marco De Vincenzo, have officially announced the end of their nearly four-year collaboration, effective March 12. A successor has yet to be named.
On February 9, the Council of Fashion Designers of America (CFDA) announced the launch of the CFDA & OpenAI Innovation Hub, a new initiative established in partnership with OpenAI.
On February 4, Osmo, a digital fragrance design company, announced that it has completed a $70 million Series B funding round.
On January 27, Phia, an AI shopping agent co-founded by Phoebe Gates, the daughter of Bill Gates, announced that it has raised $35 million in a Series A round, valuing the company at $185 million.
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.
On December 10, Shopify, one of the world’s largest independent e-commerce platforms, announced the launch of Shopify Agentic Storefronts, a new solution designed to enable next-generation shopping experiences on AI platforms.
On December 11, SuperCircle announced that it has raised $24 million in Series A funding, led by Foundry, with participation from BBG Ventures, Renewal Fund, and Elemental Impact.
French luxury maison Longchamp has announced that it has obtained B Corp™ certification. B Corp, an independent international certification, evaluates a company’s social and environmental practices based on measured and audited standards.
