On April 17, Hermès announced its financial results for the first quarter of 2025, revealing that revenue reached €4.1 billion (approximately $5.3 billion), marking a 9% increase year-over-year (+7% at constant exchange rates).
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 April 13, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced its financial results for the first quarter of fiscal year 2025.
On April 11, fast fashion giant Shein received preliminary approval from the UK’s Financial Conduct Authority (FCA) to proceed with its initial public offering (IPO) on the London Stock Exchange.
On April 10, Prada Group officially announced that it has reached a definitive agreement to acquire the Italian luxury brand Versace from U.S.-based Capri Holdings.
On April 9, ZOZO, Inc. officially announced that it has acquired all shares of Lyst Ltd, a London-based fashion shopping platform, for $154 million.
On April 3, Kering Eyewear announced that it had signed an agreement to acquire 100% of Visard’s share capital, an eyewear manufacturer based in the Belluno region of Italy, and to become a minority shareholder in Mistral.
On April 2, U.S. President Donald J. Trump announced a new tariff policy, imposing a flat 10% base tariff on all imported goods, along with significantly higher “Reciprocal Tariffs” targeting key trading partners such as China, Vietnam, Japan, and South Korea.
On April 1, GUESS JEANS, led by Nicolai Marciano, announced a new partnership with globally acclaimed Japanese artist VERDY.
On March 29, Canadian fashion brand Dsquared2, announced the immediate termination of the brand’s long-standing licensing agreement with Staff International, its long-time production and distribution partner.
On March 27, Swedish fashion giant H&M released its earnings report for the first quarter of fiscal year 2025 (December 1, 2024 – February 28, 2025), revealing that although sales showed steady growth, the company fell short of market expectations.