On February 13, Moncler Group announced that its full-year 2024 revenue reached €3.1 billion, a 7% increase year-over-year.
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On February 12, LVMH Moët Hennessy Louis Vuitton announced the 20 brands advancing to the semi-finals of the 2025 LVMH Prize, which will take place in Paris on March 5 and 6.
On February 11, global brand management company Bluestar Alliance LLC announced the acquisition of luxury streetwear brand Palm Angels.
The Brooklyn Museum in New York has announced a major cost-cutting initiative in response to a projected $10 million budget deficit.
California-based streetwear brand Stüssy is set to reopen its flagship store in New York.
On February 11, French luxury conglomerate Kering released its Q4 2024 financial results, reporting revenue of $4.5 billion (€4.39 billion), a 12% decline year-over-year.
On February 7, L’Oréal Groupe announced the signing of a long-term and exclusive beauty partnership with Jacquemus, a fashion brand originating from southern France.
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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.
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On March 9, U.S. private equity investment firm Main Post Partners announced that it has agreed to sell DeMert Brands—the company behind the haircare brand Not Your Mother’s—to German chemical and consumer goods giant Henkel. Financial terms of the transaction were not disclosed.
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U.S. fashion retailer Revolve Group, Inc. has announced the launch of a new fashion house, REVOLVE Los Angeles, on March 4. The brand is scheduled to debut exclusively on the company’s online platforms REVOLVE and FWRD starting March 9.
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On February 26, Paris-based accessible luxury group SMCP announced its full-year results for 2025.
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On February 18, eBay and Etsy announced that they have entered into a definitive agreement under which eBay will acquire Depop for approximately $1.2 billion in cash.
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On February 19, Canada-based fashion retailer Aritzia announced that it has acquired the iconic Los Angeles retail brand Fred Segal.
Paris-born diamond jewelry maison Messika has announced that Academy Award–winning actress Julianne Moore has been named its new Maison Ambassador.
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American fashion brand GUESS announced that Hyunjin of the globally popular K-pop group Stray Kids has been appointed as its new global ambassador.
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On March 5, Italian luxury house Bvlgari announced that actor and producer Jake Gyllenhaal has been appointed as the brand’s new Global Brand Ambassador
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French beauty brand Lancôme has announced that British actress and producer Vanessa Kirby has been appointed as its new global ambassador.
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On March 3, the French beauty brand Garnier announced the appointment of globally renowned supermodel and wellness and environmental advocate Gisele Bündchen as its first-ever Global Brand Ambassador.
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On February 27, the Italian-born lifestyle brand AUTRY announced the appointment of Changbin of the K-pop group Stray Kids as its first-ever global brand ambassador.
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.
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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.
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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.
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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.
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On December 1, Shopify, one of the world’s largest independent e-commerce platforms, experienced an unexpected system outage on Cyber Monday.
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Danish wishlist app GoWish is capturing global attention after reaching No. 1 on the U.S. App Store ahead of the 2025 holiday season.
London-based art and design institution Central Saint Martins (CSM) has…
