California-based beauty brand e.l.f. Beauty, Inc. announced on May 22 that its annual sales have surpassed $1.02 billion, up 77% from the previous year.
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French luxury brand Chanel reported a 16% increase in sales to $19.7 billion in 2023 on a comparable basis, surging to a record high for the privately owned luxury house.
Dolce & Gabbana USA Inc. is being sued by a customer who purchased $6,000 in NFTs, including outfits for the Metaverse.
As Shein, a retailer known for its ultra-low prices, prepares for its initial public offering (IPO), questions about the working conditions at its supplier factories are growing more intense.
On May 16, Hugo Boss announced a multi-year global design collaboration with David Beckham for its BOSS brand.
On May 9, Tapestry, Inc., an American conglomerate that owns brands such as Coach and Kate Spade New York, lowered its annual sales forecast due to weak sales.
Frasers Group, led by Mike Ashley, has acquired the popular British fashion brand Ted Baker and is looking to steer it as a new partner.
On May 7, Coty, the beauty conglomerate creating luxury brand fragrances, announced a new licensing agreement with Lena Gercke, a well-known German TV host, model, and entrepreneur.
On May 7, Swiss luxury jewelry giant Richemont announced that it acquired 100% of Vhernier S.p.A. (“Vhernier”), the distinctive Italian jewelry Maison, in a private transaction.
The 2024 MET GALA will be held in front of the Metropolitan Museum of Art in New York City on May 6 at 6 p.m. (local time) with great fanfare.