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
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Neiman Marcus, one of the leading luxury department stores in the U.S., has announced the closure of its Dallas flagship store on March 31, 2025.
On February 20, German footwear brand Birkenstock Holding plc announced its financial results for the first quarter of fiscal year 2025 (October to December 2024).
On February 19, Tapestry, Inc. (NYSE: TPR) announced that it had signed an agreement to sell its luxury footwear brand Stuart Weitzman to Caleres (NYSE: CAL), a leading company in the footwear industry.
Luxury e-commerce platform Yoox Net-a-Porter (YNAP), under the ownership of Richemont, has announced its decision to withdraw from the Chinese market.
On February 14, Hermès announced its Q4 2024 and full-year results, demonstrating strong growth despite the ongoing stagnation in the luxury market.
On February 13, Moncler Group announced that its full-year 2024 revenue reached €3.1 billion, a 7% increase year-over-year.
On February 11, global brand management company Bluestar Alliance LLC announced the acquisition of luxury streetwear brand Palm Angels.
The Brooklyn Museum in New York has announced a major cost-cutting initiative in response to a projected $10 million budget deficit.
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.