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.
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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.
Chinese fast fashion brand Shein has re-entered the Indian market after nearly five years through a partnership with Reliance Retail, a major Indian conglomerate.
On January 30, Spanish luxury fragrance and fashion company Puig announced that its Q4 2024…
On January 28, the U.S.-based M2C brand Quince announced that it had raised $120 million in Series C funding.
On January 27, the British Fashion Council (BFC) announced that it had secured additional funding from the UK government to support the upcoming London Fashion Week, scheduled to take place from February 20 to 24, 2025.
On January 27, Stella McCartney announced that she had repurchased the minority stake in her brand previously held by LVMH Moët Hennessy Louis Vuitton.
On January 22 (local time), FASHIONPHILE, the luxury resale platform, announced that it achieved a 67% year-over-year increase in profits for 2024, marking the highest growth in its history.
On January 9, Macy’s, the iconic American department store chain, announced the closure of 66 additional stores as part of its “Bold New Chapter” strategy.