On May 19, Balenciaga and its parent company Kering officially announced the appointment of Pierpaolo Piccioli as the new Creative Director of Balenciaga.
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Soho House, the exclusive members’ club that brings together creative professionals from around the world, is set to open its first Japan location in Minami Aoyama, Tokyo, in early 2026.
On May 14, Loro Piana, the Italian brand renowned for its finest cashmere and wool, announced the winners of the 9th edition of its Knit Design Award 2025.
In the world of high fashion, the phrase “Made in Italy” has long stood as a hallmark of craftsmanship, quality, and above all, trust. But beneath that prestigious label, cracks are beginning to show.
On May 15, U.S. sports retail giant DICK’S Sporting Goods announced that it will acquire Foot Locker, a brand synonymous with sneaker culture.
On May 14, German luxury e-commerce company Mytheresa announced its financial results for the third quarter of fiscal year 2025, ended March 31, revealing solid growth in both sales and profitability.
On May 14, British luxury brand Burberry announced its financial results for the fiscal year ending March 2025, reporting a 17% year-on-year drop in revenue to £2.461 billion and an operating loss of £3 million.
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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.
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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.
Levi’s® officially announced on March 10, 2026, a global partnership with ROSÉ, the world-renowned singer-songwriter and member of Korean girl group BLACKPINK.
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On March 11, French luxury brand Nina Ricci announced that Harris Reed is stepping down from his role as creative director.
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On March 9, the French luxury group LVMH Moët Hennessy Louis Vuitton announced the appointment of Philippe Farnier as deputy CEO of Parfums Christian Dior and the LVMH Beauty Division, effective immediately.
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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
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…
