French group L’Oréal, the world’s largest cosmetics company, and French luxury group Kering have signed a 50-year exclusive global licence for the fragrances and beauty products of GUCCI.
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In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
L’Oréal Agrees to Acquire a Majority Stake in Innovist, a Digital-First Indian Personal Care Company
L’Oréal, the world’s leading beauty group, announced on June 18 that it has signed an agreement to acquire a majority stake in Innovist, a leading house of personal care brands in India.
On July 2, French luxury house Chanel announced its acquisition of Charvet, the heritage shirtmaker founded in 1838.
France has passed a new law aimed at regulating ultra-fast fashion, marking a significant step in the country’s efforts to reduce the environmental impact of the fashion industry. The legislation primarily targets online platforms built on high-volume, low-cost business models, including Shein, Temu, and AliExpress.
On June 30, NIKE, Inc. announced its financial results for the fourth quarter and full fiscal year ended May 31, 2026.
Intertextile Shenzhen Apparel Fabrics 2026 was held from June 9 to 11 at the Shenzhen Convention & Exhibition Center in Futian, Shenzhen, China.
The Council of Fashion Designers of America (CFDA) and Vogue have announced the launch of a new public art initiative, United Flags of Fashion, in collaboration with America250 and Rockefeller Center.
On June 18, French beauty giant L’Oréal announced that it has signed an agreement to acquire a majority stake in Innovist, an Indian personal care company.
French fashion brand Coperni announced that it has entered judicial reorganization proceedings following a decision by the Paris Commercial Court on June 11.
On June 16, Vince Holding Corp., the company behind the American fashion brand Vince, reported its financial results for the first quarter of fiscal 2026, which ended on May 2, 2026. Net sales increased 10.5% year-over-year to $64.0 million, reflecting growth across both the brand’s direct-to-consumer (DTC) and wholesale businesses.