French luxury house Chanel has closed its beauty concept store, Atelier Beauté Chanel, located on Wooster Street in New York’s SoHo district.
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On April 30, Italy’s Prada Group, which centers around its flagship brands Prada and Miu Miu, announced net revenues of €1.341 billion for the first quarter of 2025 (January–March), marking a 13% year-over-year increase.
On April 29, Saks Fifth Avenue announced the launch of “Saks on Amazon,” a new curated storefront on Amazon Fashion’s Luxury Stores platform, dedicated to luxury fashion and beauty.
On April 26, Angara, the fine jewelry brand with over 300 years of gemstone expertise, officially announced its entry into the Indian market.
On April 23, Coty Inc., the U.S. beauty giant known for brands such as CoverGirl and Kylie Cosmetics, announced plans to cut up to 700 positions globally.
On April 24, Unilever announced that its underlying sales rose by 3.0% in the first quarter of 2025 compared to the same period last year.
On April 24, Mytheresa, the luxury e-commerce company headquartered in Munich, Germany, officially announced the completion of its acquisition of YOOX NET-A-PORTER (YNAP) from Richemont.
According to the group’s Q1 2025 financial results announced on April 23, revenue for the January–March period totaled €3.88 billion, down 14% year-on-year — a stark indication of slowed momentum across the group’s portfolio.
On April 17, L’Oréal announced its financial results for the first quarter of fiscal year 2025. The company reported sales of €11.73 billion, marking a 4.4% increase year-over-year and a like-for-like growth of 3.5%, excluding currency and structural effects.
On April 18, Italian luxury house Valentino announced its full-year financial results for 2024, reporting…