On March 16, the U.S. operating entity of the fast-fashion brand Forever 21 filed for Chapter 11 bankruptcy.
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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 12, LVMH Moët Hennessy Louis Vuitton announced significant executive changes at Louis Vuitton, Loro Piana, and Christian Dior Couture.
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.
On February 25, Unilever announced that its Chief Executive Officer (CEO) and Board Director, Hein Schumacher, will step down from his role on March 1, 2025, and leave the company on May 31, 2025