In 2024, the leading figures of France’s luxury industry encountered unprecedented challenges.
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As 2024 draws to a close, it’s time to focus on the schedule that begins in January 2025. For those working in the fashion industry, Fashion Week serves as another calendar that defines the year.
Aine1 Joyeria’s jewelry collection embodies the very essence of such jewelry. Each piece, seamlessly combining the sleekness of geometric lines with the organic beauty of nature, reflects the life and vision of its designer, Lucía Medico.
In 2003, the collaboration between Louis Vuitton and Takashi Murakami marked a groundbreaking moment, seamlessly blending fashion, art, and pop culture.
On December 23, Saks Global announced the completion of its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion.
On December 23, L’Oréal Group has announced an agreement to acquire Gowoonsesang Cosmetics Co., Ltd., a subsidiary of Swiss retail group Migros, which includes the South Korean skincare brand Dr.G.
On December 18, Balenciaga opened its first standalone store in Austin, Texas. Located within the mixed-use metropolitan center of The Domain, the store features an extensive selection of the brand’s latest collections, including men’s and women’s ready-to-wear, shoes, bags, and accessories.
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On December 16, Swedish next-generation cellulose material company Circulose announced the expansion of its partnerships with global fashion brands as it accelerates the large-scale rollout of CIRCULOSE®.
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On December 16, French luxury group Kering announced that it has sold a 60% stake in a property it owns on New York’s Fifth Avenue and will transition to a joint venture structure with investment firm Ardian.
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Italian luxury house Prada is set to officially launch a limited-edition collection inspired by India’s traditional leather sandals, Kolhapuri chappals.
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On December 11, U.S.-based athletic apparel giant lululemon athletica inc. announced that its Chief Executive Officer, Calvin McDonald, will step down from his role effective January 31, 2026.
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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 9, Vince Holding Corp., the parent company of the U.S. contemporary brand Vince, announced its financial results for the third quarter ended November 1, 2025.
On December 14, U.S. cosmetics brand M·A·C announced the appointment of Ella Gross, a Korean-American singer and member of the global girl group MEOVV, as its new global ambassador.
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On December 11, U.S.-based athletic apparel giant lululemon athletica inc. announced that its Chief Executive Officer, Calvin McDonald, will step down from his role effective January 31, 2026.
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On December 11, French luxury house Louis Vuitton announced that it has appointed Chase Infiniti, one of the most promising emerging actresses in the United States, as its newest ambassador.
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Luxury retail giant Saks Global has filed a lawsuit to block Yumi Shin, former Chief Merchandising Officer of New York’s iconic luxury department store Bergdorf Goodman, from assuming a new role at Nordstrom, one of the company’s direct competitors.
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On December 8, UNCAGED Innovations, a biomaterials company developing sustainable grain-based leather alternatives, announced that Academy Award–winning actor and prominent animal welfare advocate Natalie Portman has joined the company as a strategic partner.
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On December 8, California-based luxury fashion retailer FWRD (under REVOLVE Group, Inc.) announced the appointment of Rosie Huntington-Whiteley—internationally renowned model and entrepreneur—as its new Fashion Director.
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.
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On July 25, OpenFashion Inc., a company promoting the fusion of fashion and technology, announced the results of the “TOKYO AI Fashion Week 2025 A/W Contest,” a fashion design competition utilizing generative AI.
Italian luxury house Prada is set to officially launch a limited-edition collection inspired by India’s traditional leather sandals, Kolhapuri chappals.
