On February 6, the legal dispute between luxury brand Chanel and fashion boutique and online retailer What Goes Around Comes Around (WGACA) finally came to an end, with Chanel winning the case.
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On February 5, Gap Inc. announced the appointment of fashion designer Zac Posen as its new creative director.
Prada and Miu Miu ranked first and second respectively in the latest Lyst Index, the world’s hottest brands and products in the fashion industry, for the fourth quarter of 2023 (October to December).
JD.com, China’s giant e-commerce platform, has opened its first warehouse in Paris to store apparel products for its international site JD Worldwide in an effort to streamline cross-border e-commerce between Europe and China.
On January 31, Swedish fast fashion company H&M Group appointed Daniel Ervér as its new chief executive officer. Ervér, who was previously the group’s head of brands, takes over from former CEO Helena Helmersson.
On January 30, Moschino, under the AEFFE umbrella, announced the appointment of Adrian Appiolaza as its new creative director.
Last December, the news that the South Korean e-commerce giant Coupang had acquired the ailing luxury e-commerce platform Farfetch, rescuing it from the brink of bankruptcy, was still fresh in the minds of many. However, the acquisition plan seems to have hit a snag.
Hilfiger Ventures, co-founded by one of the leading American fashion designers Tommy Hilfiger and Joe Lamastra, released a mobile AI fashion game “FashionVerse,” with global free-to-play game publisher Tilting Point.
On January 25, French luxury conglomerate LVMH announced that it recorded revenue of €86.2 billion in 2023, equating to organic growth of 13% with respect to 2022.
On January 5, it was announced that Frédéric Arnault, chief executive of Swiss sports watch brand TAG Heuer, will become CEO of the LVMH watches.