On March 21, SKIMS officially announced the acquisition of the majority stake in SKKN by Kim held by Kardashian, as well as the 20% minority stake previously owned by global beauty giant Coty Inc.
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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 March 20, Austrian crystal brand Swarovski announced its 2024 financial results, reporting annual revenue of €1.906 billion, a 6% increase year-over-year.
On March 16, the U.S. operating entity of the fast-fashion brand Forever 21 filed for Chapter 11 bankruptcy.
Environmental activist and entrepreneur Suzy Amis Cameron has recently launched a new company, Inside Out LLC.
On March 13, U.S. beauty retail giant Ulta Beauty announced its financial results for fiscal year 2024, outlining plans to accelerate business reforms in response to slowing sales growth.
On March 7, New York-based luxury interior brand, ABC Carpet & Home opened a new store in Greenwich, Connecticut.
On February 27, L’Oréal Groupe announced the official opening of its North America Research & Innovation (R&I) Center in Clark, New Jersey, following a $160 million investment.
Italian luxury brand Prada is reportedly in negotiations to acquire Versace from Capri Holdings. According to Bloomberg, the deal could be worth up to €1.5 billion (approximately $1.6 billion), with a potential agreement expected within this month.
Louis Vuitton is rumored to replace Zegna as Real Madrid’s official fashion partner starting next season.
On February 27, Spanish luxury fragrance and fashion company Puig announced its full-year financial results for 2024, reporting total revenue of €4.79 billion.