On February 11, French luxury conglomerate Kering released its Q4 2024 financial results, reporting revenue of $4.5 billion (€4.39 billion), a 12% decline year-over-year.
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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 February 7, L’Oréal Groupe announced the signing of a long-term and exclusive beauty partnership with Jacquemus, a fashion brand originating from southern France.
On February 6, cosnova Beauty, the Germany-based company behind essence and Catrice, announced that its 2024 revenue has surpassed $1 billion.
On February 4, Korean beauty retail giant Olive Young announced the establishment of its U.S. subsidiary, CJ Olive Young USA, in Los Angeles, California.
Chinese fast fashion brand Shein has re-entered the Indian market after nearly five years through a partnership with Reliance Retail, a major Indian conglomerate.
On January 30, Spanish luxury fragrance and fashion company Puig announced that its Q4 2024…
On January 27, the British Fashion Council (BFC) announced that it had secured additional funding from the UK government to support the upcoming London Fashion Week, scheduled to take place from February 20 to 24, 2025.
On January 27, Stella McCartney announced that she had repurchased the minority stake in her brand previously held by LVMH Moët Hennessy Louis Vuitton.
On January 22 (local time), FASHIONPHILE, the luxury resale platform, announced that it achieved a 67% year-over-year increase in profits for 2024, marking the highest growth in its history.
On January 9, Macy’s, the iconic American department store chain, announced the closure of 66 additional stores as part of its “Bold New Chapter” strategy.