On June 9, OTB Group—the international fashion and luxury conglomerate behind innovative brands such as Maison Margiela, Jil Sander, Diesel, and Marni—officially announced its full-scale entry into the Mexican market.
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On June 16, the Coach Foundation—the philanthropic division of the American luxury brand Coach—announced an additional $20 million investment to expand its flagship scholarship program, Dream It Real, which aims to award 10,000 scholarships by 2030.
Louis Vuitton, the French luxury maison, has officially signed a partnership agreement with Real Madrid, one of Spain’s most prestigious sports clubs.
On June 16, U.S. luxury department store Nordstrom announced the opening of its first service-based store in Brooklyn, New York—Nordstrom Local Williamsburg.
On June 16, French luxury group Kering announced the appointment of Luca de Meo as its new Chief Executive Officer.
On June 12, Chanel announced the appointment of Ruth Warder as its first-ever Global Chief Communications Officer.
On June 10, luxury resale platform Rebag announced a new partnership with Amazon’s Luxury Stores, making approximately 30,000 pre-owned luxury items available for purchase through the e-commerce giant.
On June 10, global marketing and communications group The Independents, known for its work with leaders in the luxury and lifestyle industries, announced the acquisition of WE ARE ONA, a culinary studio and food production agency.
On June 11, L’Oréal Groupe announced a strategic partnership with U.S.-based AI chipmaker NVIDIA to accelerate the use of AI in the beauty industry.
On June 10, Kering Eyewear, a subsidiary of the Kering Group, announced its acquisition of the Italian lens manufacturer Lenti.