Shares of French luxury group LVMH Moët Hennessy Louis Vuitton (hereafter, LVMH) fell 28% in the first quarter of 2026, marking the company’s worst start to a year since going public.
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On March 27, Pitti Immagine Uomo 110, set to take place in Florence, Italy, from June 16 to 19, announced that it has selected Copenhagen-based menswear label Sunflower as one of its guest designers.
On March 31, L’Oréal announced the completion of its acquisition of Kering Beauté as part of its strategic alliance with Kering.
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.
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.