On May 7, Coty, the beauty conglomerate creating luxury brand fragrances, announced a new licensing agreement with Lena Gercke, a well-known German TV host, model, and entrepreneur.
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On May 7, Swiss luxury jewelry giant Richemont announced that it acquired 100% of Vhernier S.p.A. (“Vhernier”), the distinctive Italian jewelry Maison, in a private transaction.
The 2024 MET GALA will be held in front of the Metropolitan Museum of Art in New York City on May 6 at 6 p.m. (local time) with great fanfare.
Jacquemus, the southern French fashion house, recently unveiled its new headquarters office in the 8th arrondissement of Paris.
On April 25, the Hermès Group reported consolidated sales of €3,805 million for the first quarter of 2024.
On April 23, Kering, one of France’s giant luxury conglomerates, announced that it expects a 40%-45% decline in operating income for the first half of the year, following a drop in first-quarter sales for its flagship Gucci brand.
On April 23, it was announced that former Gucci CEO Marco Bizzarri has joined the board of directors of sneaker brand Golden Goose.
On April 18, Beautycounter, a well-known clean beauty brand, was bought back by founder and CEO Gregg Renfrew.
British leather shoe brand Dr. Martens has filed a lawsuit against Chinese online retailer Temu.
KIKI World, a Los Angeles-based company that sells beauty products such as temporary hair paint and a liquid makeup pen, recently raised $7 million in funding from investors including New Incubation Ventures (NIV), the investment arm of Estee Lauder Inc.