On January 6, the British Fashion Council (BFC) announced the appointment of Laura Weir as its new Chief Executive Officer, effective April 28, 2025.
Fashion
On January 4, Ralph Lauren, a fashion designer representing the United States, was awarded the Presidential Medal of Freedom by President Biden in a ceremony held at the White House in Washington, D.C.
On January 1, Rosita Missoni, a designer who symbolized the Italian fashion world, passed away at the age of 93.
The Challenges Faced by the Luxury Industry in 2024: LVMH, L’Oréal, and Kering Suffer Massive Losses
In 2024, the leading figures of France’s luxury industry encountered unprecedented challenges.
As 2024 draws to a close, it’s time to focus on the schedule that begins in January 2025. For those working in the fashion industry, Fashion Week serves as another calendar that defines the year.
In 2003, the collaboration between Louis Vuitton and Takashi Murakami marked a groundbreaking moment, seamlessly blending fashion, art, and pop culture.
On December 18, Balenciaga opened its first standalone store in Austin, Texas. Located within the mixed-use metropolitan center of The Domain, the store features an extensive selection of the brand’s latest collections, including men’s and women’s ready-to-wear, shoes, bags, and accessories.
On December 18, Highsnobiety, a culture platform based in Berlin, announced a new leadership structure.
Kering, a leading conglomerate in the luxury industry, is moving forward with plans to bring in external investors for a new entity that will manage approximately €4 billion ($4.2 billion) worth of real estate assets spread across Milan, New York, and Paris.
On December 16, New York-based brand management firm WHP Global announced an agreement to acquire the intellectual property (IP) of the VERA WANG brand, led by renowned fashion designer Vera Wang.