On February 11, global brand management company Bluestar Alliance LLC announced the acquisition of luxury streetwear brand Palm Angels.
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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.
On February 6, cosnova Beauty, the Germany-based company behind essence and Catrice, announced that its 2024 revenue has surpassed $1 billion.
New York-based fashion brand Area has announced the appointment of Nicholas Aburn as its new creative director, following the departure of Piotrek Panszczyk, the brand’s co-founder and former creative director.
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On February 3, Capri Holdings Limited announced its results for the third quarter of fiscal year 2026, revealing that while headwinds persisted on the revenue front, the company has significantly strengthened its financial foundation through the sale of Versace.
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Prada’s parent company, Prada Group, has terminated relationships with more than 200 suppliers over the past five years after identifying labour compliance violations within its supply chain.
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On January 28, Allbirds, a footwear brand known for its use of sustainable materials, announced plans to streamline its operations as part of a strategy to achieve profitable growth.
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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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On January 27, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced its full-year results for fiscal 2025.
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On January 26, U.S. makeup brand Pat McGrath Labs filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code.
On February 9, French luxury maison Dior announced the appointment of actors Sam Nivola, Mike Faist, and Will Price as its newest brand ambassadors.
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On February 9, SHISEIDO announced that it has appointed global artist LISA as the global ambassador for its signature Ultimune serum line. At the same time, the brand unveiled its new campaign titled “FAST. SLOW. FREE.” featuring LISA.
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On February 6, Patou, the maison under the LVMH Group, announced that it has ended its partnership with artistic director Guillaume Henry.
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On February 6, Genesis and the Council of Fashion Designers of America (CFDA) announced Terrence Zhou, designer of Bad Binch TongTong, as the winner of the third “CFDA | Genesis House AAPI Design + Innovation Grant.”
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On February 5, Italian luxury maison Versace announced the appointment of Pieter Mulier as its new Chief Creative Officer, effective July 1, 2026.
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French luxury Maison Dior has appointed two actors rising on the international film scene—Sophie Wilde and Ever Anderson—as its new ambassadors. Both represent a new generation of talent whose primary arena is…
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.
On January 28, Japanese fashion brand CFCL announced the establishment of its own production facility, CFCL Knitting Factory, located in Sōka City, Saitama Prefecture.
