French luxury house “Chanel” has returned to growth in its 2025 fiscal year, reporting both revenue and operating profit increases.
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.
British luxury house Burberry is reshaping its global retail strategy. According to the company’s fiscal 2026 results for the year ended March 28, 2026, Burberry closed 21 stores while opening nine new locations, bringing its total directly operated store count to 410 worldwide.
Everlane, the San Francisco-born fashion brand once synonymous with Millennial-era “radical transparency,” is reportedly being acquired by Chinese fast-fashion giant Shein — a move that is already sending shockwaves through the fashion industry.
On May 14, LVMH Moët Hennessy Louis Vuitton announced that it has agreed to sell the American fashion brand Marc Jacobs to brand management firm WHP Global. Financial terms of the transaction were not disclosed.
Italian luxury house Giorgio Armani is reportedly exploring a plan to divide a future minority stake sale equally among LVMH, L’Oréal, and EssilorLuxottica following the death of founder Giorgio Armani.
On May 7, New York-based luxury group Tapestry, Inc., the parent company of “Coach” and…
On May 4, U.S. beauty company Coty announced its financial results for the third quarter of fiscal year 2026. While revenue declined year-over-year, the company delivered profit ahead of expectations through disciplined cost control and optimized investment allocation.
The sequel to the 2006 hit The Devil Wears Prada, The Devil Wears Prada 2, debuted at No.1 at the North American box office.
The Costume Institute is gradually moving to reduce its reliance on the Met Gala, widely regarded as the fashion industry’s most influential event.
On April 30, 2026, Italian luxury company Prada Group announced its revenue results for the first quarter of 2026. Net revenues rose 14% year-over-year to €1.428 billion, maintaining overall growth. However, organic growth came in at just 3%, signaling a clear slowdown in momentum.