On January 27, Phia, an AI shopping agent co-founded by Phoebe Gates, the daughter of Bill Gates, announced that it has raised $35 million in a Series A round, valuing the company at $185 million.
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On January 27, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced its full-year results for fiscal 2025.
On January 26, U.S. makeup brand Pat McGrath Labs filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code.
On January 23, Authentic Brands Group (ABG) announced that it has taken the American denim brand Guess private.
On January 21, British luxury brand Burberry announced that its retail comparable store sales rose 3% year on year in the third quarter of fiscal year 2026, covering the 13 weeks ended December 27, 2025.
On January 20, Sephora, a global leader in prestige beauty retail, and CJ Olive Young, Korea’s leading beauty and health retailer, announced a strategic partnership to bring cutting-edge and highly sought-after K-beauty to consumers worldwide.
On January 15, Swiss luxury group Richemont announced its results for the third quarter ended December 31, 2025. Group sales reached €6.4 billion, representing an 11% year-on-year increase at constant exchange rates.
Saks Global Files for Chapter 11: Creditors Estimated at Up to 25,000, Liabilities Up to $10 Billion
The U.S. luxury department store group Saks Global has filed for Chapter 11 bankruptcy protection. The company estimates it has up to 25,000 creditors, with total liabilities reaching as much as $10 billion, and global luxury brands including Chanel are listed among its unpaid creditors.
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.
On January 12, U.S. apparel giant American Eagle Outfitters announced that it achieved record-high sales during the fourth-quarter 2025 holiday season.