On January 14, U.S. luxury department store group Saks Global announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
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In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
On January 12, U.S. apparel giant American Eagle Outfitters announced that it achieved record-high sales during the fourth-quarter 2025 holiday season.
The world’s largest retail industry conference, NRF Retail’s Big Show 2026, has opened in New York. On the first day, the world’s largest luxury group, LVMH, took the stage under the theme “The Fusion of Craft and Intelligence,” presenting its vision for luxury in the age of AI—not as a set of tactics, but as a guiding philosophy.
As financial uncertainty deepens at Saks Global, one of the world’s largest multi-brand luxury retail groups, Italian luxury brand Brunello Cucinelli has made clear that it will continue to stand by its department store–focused wholesale strategy, Reuters reports.
Tommy Hilfiger Enters World Football with Its First-Ever Official Club Partnership with Liverpool FC
On January 8, American fashion brand Tommy Hilfiger announced a new global partnership with English Premier League football club Liverpool Football Club (LFC).
On January 7, U.S. beauty conglomerate Estée Lauder Companies revealed that it has begun reviewing its brand portfolio.
On January 7, the Council of Fashion Designers of America (CFDA) announced two new grant programs aimed at strengthening the foundation of fashion manufacturing in the United States.
One of Asia’s largest textile trade fairs, Intertextile Shanghai Apparel Fabrics – Spring Edition 2026, will take place over three days from Wednesday, March 11, to Friday, March 13, 2026, at the National Exhibition and Convention Center (Shanghai) in China.
Saks Global, a U.S.-based luxury department store group, has reached a critical crossroads in its restructuring efforts.
Pat McGrath Labs, the cosmetics brand founded in 2015 by British makeup artist Dame Pat McGrath, has entered a restructuring process that includes a potential sale of its assets, according to industry sources.