On April 10, Prada Group officially announced that it has reached a definitive agreement to acquire the Italian luxury brand Versace from U.S.-based Capri Holdings.
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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 April 9, ZOZO, Inc. officially announced that it has acquired all shares of Lyst Ltd, a London-based fashion shopping platform, for $154 million.
On April 3, Kering Eyewear announced that it had signed an agreement to acquire 100% of Visard’s share capital, an eyewear manufacturer based in the Belluno region of Italy, and to become a minority shareholder in Mistral.
On April 2, U.S. President Donald J. Trump announced a new tariff policy, imposing a flat 10% base tariff on all imported goods, along with significantly higher “Reciprocal Tariffs” targeting key trading partners such as China, Vietnam, Japan, and South Korea.
On April 1, GUESS JEANS, led by Nicolai Marciano, announced a new partnership with globally acclaimed Japanese artist VERDY.
On March 29, Canadian fashion brand Dsquared2, announced the immediate termination of the brand’s long-standing licensing agreement with Staff International, its long-time production and distribution partner.
On March 27, Swedish fashion giant H&M released its earnings report for the first quarter of fiscal year 2025 (December 1, 2024 – February 28, 2025), revealing that although sales showed steady growth, the company fell short of market expectations.
On March 21, SKIMS officially announced the acquisition of the majority stake in SKKN by Kim held by Kardashian, as well as the 20% minority stake previously owned by global beauty giant Coty Inc.
On March 20, Austrian crystal brand Swarovski announced its 2024 financial results, reporting annual revenue of €1.906 billion, a 6% increase year-over-year.
On March 16, the U.S. operating entity of the fast-fashion brand Forever 21 filed for Chapter 11 bankruptcy.