On February 14, Hermès announced its Q4 2024 and full-year results, demonstrating strong growth despite the ongoing stagnation in the luxury market.
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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.
On February 7, L’Oréal Groupe announced the signing of a long-term and exclusive beauty partnership with Jacquemus, a fashion brand originating from southern France.
On February 6, cosnova Beauty, the Germany-based company behind essence and Catrice, announced that its 2024 revenue has surpassed $1 billion.
On February 4, Korean beauty retail giant Olive Young announced the establishment of its U.S. subsidiary, CJ Olive Young USA, in Los Angeles, California.
On February 5, NIGO®︎, a pioneer in fashion and culture, was announced as the new Creative Director of FamilyMart.
On February 3, Italian luxury brand Salvatore Ferragamo announced that its current CEO, Marco Gobbetti, will step down on March 6, 2025.