Louis Vuitton has recently opened a new store and café, “Le Café Cyril Lignac,” at London’s Heathrow Airport Terminal 2.
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On October 10, AMTD IDEA Group, based in Hong Kong, announced that the renowned French fashion magazine L’Officiel has made its full-scale entry into the Japanese market with the launch of L’Officiel Japan.
Viktor & Rolf Mariage unveiled its Fall/Winter 2025 collection, a fusion of modern elegance and avant-garde design.
Kim Jones, who has established a unique position in the fashion world, has announced his departure from Fendi after four years of collaboration to focus solely on his role as the menswear designer at Dior.
On October 10th, Bloomberg reported that Lazada, a subsidiary of Alibaba Group, is partnering with top European fashion brands to achieve $100 billion in e-commerce volume by 2030.
On October 9th, the Metropolitan Museum of Art announced the theme for the Costume Institute’s 2025 spring exhibition and the Met Gala: “Superfine: Tailoring Black Style.”
Swedish fast fashion brand H&M is set to open a new pop-up store in New York City’s Nolita district
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On January 15, Swiss luxury group Richemont announced its results for the third quarter ended December 31, 2025. Group sales reached €6.4 billion, representing an 11% year-on-year increase at constant exchange rates.
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Saks Global Files for Chapter 11: Creditors Estimated at Up to 25,000, Liabilities Up to $10 Billion
The U.S. luxury department store group Saks Global has filed for Chapter 11 bankruptcy protection. The company estimates it has up to 25,000 creditors, with total liabilities reaching as much as $10 billion, and global luxury brands including Chanel are listed among its unpaid creditors.
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On January 14, U.S. luxury department store group Saks Global announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
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On January 12, U.S. apparel giant American Eagle Outfitters announced that it achieved record-high sales during the fourth-quarter 2025 holiday season.
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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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As financial uncertainty deepens at Saks Global, one of the world’s largest multi-brand luxury retail groups, Italian luxury brand Brunello Cucinelli has made clear that it will continue to stand by its department store–focused wholesale strategy, Reuters reports.
Valentino Garavani, the legendary Italian couturier, has died at his residence in Rome. He was 93. His passing marks the end of an era in the history of global fashion. The news…
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On January 16, Swiss luxury watchmaker TAG Heuer announced that its Chief Executive Officer, Antoine Pin, has exited the company.
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On January 14, Italian fashion brand Diesel announced the appointment of Andrea Rigogliosi as its new Chief Executive Officer.
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On January 12, the American Apparel & Footwear Association (AAFA) announced that Zac Posen has been named Designer of the Year at the 2026 American Image Awards.
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On January 9, Rome-born high jewelry maison Bvlgari announced the appointment of actor and artist Kento Nakajima as its new ambassador.
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The French luxury house Dior has announced the appointment of actor and musician LaKeith Stanfield as a new ambassador for the collections designed by Jonathan Anderson.
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.
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On October 22, Shop My Shelf, Inc., also known as ShopMy, announced the completion of a $70 million funding round at a valuation of $1.5 billion.
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On October 14, The Estée Lauder Companies Inc. announced the opening of its new hub, La Maison des Parfums, on Rue Volney in Paris’s 2nd arrondissement.
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On October 14, Ulta Beauty, the largest beauty retailer in the United States, announced the launch of UB Marketplace, a new platform dedicated to beauty and wellness.
On December 15, luxury fashion brand Rick Owens and its parent company Owenscorp announced that they will no longer use fur in any future collections.
