In this article, following Summary of Memorable News in the Fashion Industry 2023, OSF’s editorial team has carefully selected the most notable news that occurred in the fashion business industry in 2023.
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With the fashion industry slowly recovering from the pandemic, 2023 was a year of news in many different fields. What stories have left the most lasting impression on you?
In this article, OSF’s editors have carefully selected the most noteworthy news in the fashion industry in 2023.
On December 23, The Shiseido Americas Corporation, a Shiseido Company subsidiary, announced the acquisition of DDG Skincare Holdings LLC, which owns Dr. Dennis Gross Skincare.
Jacquemus has announced the retirement of its president and CEO, Bastien Daguzan. Daguzan has served as CEO since May 2022 and will officially leave the company on December 23.
On December 20, Frasers Group, the retail group owned by Mike Ashley, a successful British high street business, will acquire the luxury e-commerce site Matchesfashion for just 52 million pounds ($63 million).
On December 18, luxury e-commerce platform Farfetch, which was on the verge of bankruptcy, was reportedly being acquired by South Korean e-commerce giant Coupang for $500 million.
Australian luxury brand Dion Lee has appointed James Miller as its new chief executive officer.
On December 12, Prada Group announced its participation in the United Nations Global Compact Initiative.
Spanish fast fashion brand ZARA’s latest campaign images released last week have been strongly bashed by consumers for being reminiscent of the victims of the ongoing Gaza conflict.
Korea is one of the most advanced countries in the world in the beauty industry, but the popularity of Korean beauty is not limited to Asian countries; it is also creating a huge boom in the North American market.