On June 11, L’Oréal Groupe announced a strategic partnership with U.S.-based AI chipmaker NVIDIA to accelerate the use of AI in the beauty industry.
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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 June 10, Kering Eyewear, a subsidiary of the Kering Group, announced its acquisition of the Italian lens manufacturer Lenti.
France is moving toward stricter regulations on ultra-fast fashion—a business model centered on low-cost, mass-produced clothing.
On June 9, French luxury maison Chanel announced the launch of “NEVOLD,” a new independent organization dedicated to promoting circularity within the fashion and luxury sectors.
On June 9, L’Oréal Group announced it has signed an agreement to acquire a majority stake in the British premium skincare brand Medik8.
On June 5, 2025, Italian luxury house Prada Group announced a strategic equity investment in Rino Mastrotto, a major player in the leather tanning industry.
On June 3, Authentic Brands Group, a global brand development and licensing company, announced the expansion of its strategic partnership with Boardriders Japan (BRJ).
On May 29, U.S. beauty retail giant Ulta Beauty announced its financial results for the first quarter of fiscal year 2025 (February–May 2025).
On May 28, U.S.-based beauty company e.l.f. Beauty announced that it will acquire rhode, the skincare brand founded by Hailey Bieber, in a deal valued at approximately $1 billion.
Italian luxury house ZEGNA has announced a multi-year global partnership with Art Basel, one of the world’s most prestigious contemporary art fairs.