On August 5, approximately 1,000 employees of Gucci, the luxury brand under French conglomerate Kering, declared a state of unrest in Italy, signaling the potential for a strike.
Business
Stay updated with the latest global fashion business news and Informative insights.
On August 6, U.S.-based beauty company e.l.f. Beauty announced its financial results for the first quarter of fiscal year 2026, ending June 30, 2025.
On August 5, German fashion brand Hugo Boss announced its financial results for the second quarter of 2025.
On August 4, Chinese ultra-fast fashion giant Shein was fined €1 million by Italian authorities over misleading environmental claims—commonly referred to as greenwashing.
Global music icon Rihanna’s beauty brand Fenty Beauty, along with its skincare line Fenty Skin, is set to enter the Indian market officially on August 7 (local time).
Quince, the U.S.-based brand known for offering high-quality products at accessible prices, has raised $200 million in a new funding round, pushing its valuation past $4.5 billion, according to a report by Bloomberg.
On July 30, Paris- Hermès International released its financial results for the first half of 2025, demonstrating continued strong growth despite increasing global economic uncertainty.
On July 29, French luxury group Kering announced that its net profit for the first half of 2025 fell by 46% year-over-year to €474 million.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury conglomerate, is reportedly exploring the sale of its fashion brand Marc Jacobs.
On July 24, LVMH Moët Hennessy Louis Vuitton announced its consolidated financial results for the first half of 2025.