On April 2, U.S. President Donald J. Trump announced a new tariff policy, imposing a flat 10% base tariff on all imported goods, along with significantly higher “Reciprocal Tariffs” targeting key trading partners such as China, Vietnam, Japan, and South Korea.
Fashion
On April 1, Skims, the shapewear brand founded by Kim Kardashian, opened its first flagship store on the West Coast, choosing none other than Los Angeles as its latest home.
On April 1, GUESS JEANS, led by Nicolai Marciano, announced a new partnership with globally acclaimed Japanese artist VERDY.
On March 29, Canadian fashion brand Dsquared2, announced the immediate termination of the brand’s long-standing licensing agreement with Staff International, its long-time production and distribution partner.
On March 27, Swedish fashion giant H&M released its earnings report for the first quarter of fiscal year 2025 (December 1, 2024 – February 28, 2025), revealing that although sales showed steady growth, the company fell short of market expectations.
On March 28, Nike announced the launch of its new apparel collection, “Everyone Watches Women’s Sports™,” in collaboration with media and commerce brand TOGETHXR.
London-based culture magazine Dazed has announced the appointment of Ted Stansfield as its new editor-in-chief.
On March 28, LVMH Moët Hennessy – Louis Vuitton officially announced that Jean-Christophe Babin will be appointed CEO of LVMH Watches, effective April 1, 2025.
LOEWE’s first major brand exhibition, LOEWE Crafted World: Where Craft Meets Imagination, will be held in Harajuku, Tokyo, from Saturday, March 29 to Sunday, May 11, 2025.
Ib Kamara, a renowned fashion stylist and the current creative director of Off-White™, is stepping down as editor-in-chief of the British culture magazine Dazed.