On March 30, sustainable footwear brand Allbirds announced that it has entered into a definitive asset purchase agreement with American Exchange Group (hereafter AXNY), a company specializing in accessories design, licensing, and manufacturing.
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In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
On March 31, the British Fashion Council (BFC) announced its new strategy, “BFC 2030: Access, Creativity, Growth.”
On March 30, the luxury group Kering announced the first cohort of 10 fellows for its newly launched program, “Kering CRAFT (Creative Residency for Artisanship, Fashion and Technology),” developed in partnership with Shanghai Fashion Week.
On March 26, German consumer goods company Henkel (Henkel AG & Co. KGaA) announced that it has entered into a definitive agreement to acquire OLAPLEX, a science-led premium hair care brand.
On March 24, prestige beauty retailer Sephora announced the launch of its app on ChatGPT.
On March 24, global private equity firm Advent International announced that it has signed a definitive agreement to acquire a majority stake in Los Angeles-based premium body care brand Salt & Stone. Financial terms of the transaction were not disclosed.
On March 23, The Estée Lauder Companies Inc. announced in an official statement that it is in discussions with the Spain-based beauty company Puig regarding a potential business combination.
On March 16, Christian Dior Couture and UNESCO renewed their partnership to advance the empowerment of women leaders and the transmission of savoir-faire.
On March 17, San Francisco-based startup Rubi announced that it has raised $7.5 million in funding and secured multi-year offtake agreements worth over $60 million with leading fashion brands and manufacturers.
On March 18, U.S. department store giant Macy’s, Inc. reported its full-year 2025 results, with comparable sales rising 1.5% year-over-year, marking a return to growth.