German sportswear giant Puma announced plans to cut approximately 900 corporate positions worldwide by the end of 2026 as part of a sweeping restructuring effort under its new CEO, Arthur Hoeld.
Business News
In-depth guides exploring the structure, strategies, and business dynamics shaping the global fashion and luxury industry. From luxury conglomerates to fashion week economics, this section breaks down complex industry topics into accessible, evergreen analysis.
On October 28, The Estée Lauder Companies Inc., a global leader in the luxury beauty industry, announced a new strategic partnership with Shopify, one of the world’s leading commerce platforms.
On October 27, Condé Nast and eBay announced a multi-year global partnership aimed at enhancing the value of pre-loved and circular fashion and redefining its role in the modern fashion landscape.
On October 23, Kering-owned fashion house Alexander McQueen announced plans to cut up to 55…
On October 23, Prada Group announced its consolidated revenue for the nine months ended September 30, 2025.
On October 22, French luxury house Hermès announced its financial results for the third quarter of 2025.
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.
On October 19, Kering and L’Oréal announced a long-term strategic partnership in the fields of luxury beauty and wellness.
The International Apparel & Textile Fair (IATF), the Gulf region’s largest international B2B fashion trade sourcing event, will celebrate its 20th edition from November 17–19, 2025, at the Dubai World Trade Centre (Halls 6 & 7).
On October 14, U.S.-based luxury resale giant FASHIONPHILE, headquartered in San Diego, announced the acquisition…