On March 7, New York-based luxury interior brand, ABC Carpet & Home opened a new store in Greenwich, Connecticut.
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On February 27, L’Oréal Groupe announced the official opening of its North America Research & Innovation (R&I) Center in Clark, New Jersey, following a $160 million investment.
Italian luxury brand Prada is reportedly in negotiations to acquire Versace from Capri Holdings. According to Bloomberg, the deal could be worth up to €1.5 billion (approximately $1.6 billion), with a potential agreement expected within this month.
Louis Vuitton is rumored to replace Zegna as Real Madrid’s official fashion partner starting next season.
On February 27, Spanish luxury fragrance and fashion company Puig announced its full-year financial results for 2024, reporting total revenue of €4.79 billion.
On February 25, Unilever announced that its Chief Executive Officer (CEO) and Board Director, Hein Schumacher, will step down from his role on March 1, 2025, and leave the company on May 31, 2025
Neiman Marcus, one of the leading luxury department stores in the U.S., has announced the closure of its Dallas flagship store on March 31, 2025.
On February 20, German footwear brand Birkenstock Holding plc announced its financial results for the first quarter of fiscal year 2025 (October to December 2024).
On February 19, Tapestry, Inc. (NYSE: TPR) announced that it had signed an agreement to sell its luxury footwear brand Stuart Weitzman to Caleres (NYSE: CAL), a leading company in the footwear industry.
Luxury e-commerce platform Yoox Net-a-Porter (YNAP), under the ownership of Richemont, has announced its decision to withdraw from the Chinese market.
