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.
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Kering, a leading conglomerate in the luxury industry, is moving forward with plans to bring in external investors for a new entity that will manage approximately €4 billion ($4.2 billion) worth of real estate assets spread across Milan, New York, and Paris.
On December 16, New York-based brand management firm WHP Global announced an agreement to acquire the intellectual property (IP) of the VERA WANG brand, led by renowned fashion designer Vera Wang.
On December 13th, Lucien Pagès Communication, a prominent PR agency based in Paris and New York, announced that it had become part of The Independents, a leading group in the luxury and lifestyle sectors.
On December 10, Japan’s leading cosmetics company KOSÉ Corporation announced the acquisition of shares in PURI CO., LTD. (hereinafter referred to as “PURI”), the company behind Thailand’s renowned holistic wellness brand PAÑPURI.
On December 9, outdoor brand L.L.Bean announced its second round of layoffs for 2024.
On December 5, jewelry brand Swarovski announced signing a long-term beauty license agreement with Coty, one of the world’s leading beauty companies.
Burberry, one of the most iconic British fashion brands, has initiated legal action against discount retailer B&M in London’s High Court, alleging trademark infringement.
On December 4, the Japan Fashion Week Organization (JFWO), a key player in Japan’s fashion industry, announced its partnership with PITTI IMMAGINE, a leading force in organizing international fashion trade fairs and events in Italy.
On November 26, Capri Holdings, a luxury fashion group, announced a reorganization of the leadership team for its subsidiary brand, Michael Kors.