On April 8, Bloomberg News reported that the French luxury brand Chanel is considering buying the 745 Fifth Avenue building in Manhattan.
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Despite increasing scrutiny of fast fashion from a sustainability perspective, Shein, known as “ultra fast fashion,” has more than doubled its profits to more than $2 billion.
On April 2, Reuters revealed that Marco Bizzarri, former CEO of Gucci, has established a new investment firm.
British luxury e-commerce site Matches is set for an administration filing, about two months after being acquired by the Frasers Group led by Mike Ashley.
Burberry, the iconic British luxury brand, has launched a new Texas store and a limited-time pop-up in California.
On March 2, fashion designer Simon Porte Jacquemus received the title of Chevalier des Arts et des Lettres (a knighthood of the arts and literature) from Anna Wintour, editor-in-chief of Vogue USA.
Urban Outfitters, Inc, which owns Urban Outfitters, Anthropologie, and Free People, recently opened a new distribution center in Raymore, Missouri, for its women’s subscription rental clothing service platform, Nuuly.
Macy’s has rejected a $5.8 billion takeover bid from investment firm Arkhouse Management and its partner Brigade Capital just one month later, the company is facing a proxy fight on its board of directors after Arkhouse Management nominated nine candidates for its board.
On February 15, José Neves, founder and CEO of luxury e-commerce platform Farfetch, reportedly stepped down from his position.
Last June, Edward Enninful announced that he would be stepping down as editor-in-chief of British VOGUE. Enninful’s final issue of VOGUE, brought together 40 fashion icons for its latest cover.