On November 13, designer Phillip Lim announced that he is stepping down as creative director of his namesake brand, 3.1 Phillip Lim.
Fashion
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Pitti Immagine Uomo 107, to be held in Florence, Italy, in January 2025, brings a glimmer of hope for a long-awaited recovery in the Italian menswear market.
On November 12, the fashion gaming app, Dres” announced a long-awaited update. This latest evolution is more than just a feature upgrade; it seamlessly blends fashion, gaming, and editorial into an entirely new entertainment experience.
On November 8, StockX, the rapidly growing online marketplace based in Detroit, announced a leadership transition.
Anna Wintour, the editor-in-chief of U.S. Vogue, has made headlines by appointing designer Marc Jacobs as the guest editor for the magazine’s December issue.
Capri Holdings, which owns renowned fashion brands such as Michael Kors, Versace, and Jimmy Choo, announced its fiscal second-quarter 2025 results on November 7, revealing a significant shortfall in sales projections.
Richemont Announces Profit Decline in H1 Earnings – Impact of Weak Demand in China on Watch Division
On October 8, luxury conglomerate Richemont announced its H1 earnings, revealing stable sales but declining profit.
LVMH Moët Hennessy Louis Vuitton’s investment arm, LVMH Luxury Ventures, has acquired a minority stake in the Swedish menswear brand Our Legacy.
On November 7, Ralph Lauren Corporation announced that its second-quarter revenue for FY2025 grew by 6% year-over-year, surpassing expectations.
Aritzia, a fashion retailer based in Canada, is experiencing rapid growth in the U.S. market.