Saks Global, a U.S.-based luxury department store group, has reached a critical crossroads in its restructuring efforts.
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Pat McGrath Labs, the cosmetics brand founded in 2015 by British makeup artist Dame Pat McGrath, has entered a restructuring process that includes a potential sale of its assets, according to industry sources.
On December 18, French luxury group Kering announced that it has signed an agreement to acquire Raselli Franco Group, a family-owned Italian jewelry manufacturer, through a staged transaction.
December 17, Luxury e-commerce retailer Matches, which ceased operations following insolvency, is set to return under new ownership.
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®.
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.
Italian luxury house Prada is set to officially launch a limited-edition collection inspired by India’s traditional leather sandals, Kolhapuri chappals.
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.
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 8, L’Oréal Groupe announced that it will increase its stake in Galderma Group AG, the Switzerland-based dermatology specialist, to 20%.