On December 20, Frasers Group, the retail group owned by Mike Ashley, a successful British high street business, will acquire the luxury e-commerce site Matchesfashion for just 52 million pounds ($63 million).
Fashion
On December 18, luxury e-commerce platform Farfetch, which was on the verge of bankruptcy, was reportedly being acquired by South Korean e-commerce giant Coupang for $500 million.
Australian luxury brand Dion Lee has appointed James Miller as its new chief executive officer.
On December 12, Prada Group announced its participation in the United Nations Global Compact Initiative.
Spanish fast fashion brand ZARA’s latest campaign images released last week have been strongly bashed by consumers for being reminiscent of the victims of the ongoing Gaza conflict.
On December 8, Chanel held its Métiers d’Art 2024 show in Manchester, England.
On November 5, Amazon.com Inc. made an important move by cutting fees for merchants selling clothing priced below $20, signaling its readiness to compete on price with Chinese fast-fashion Shein.
Designer Jerry Lorenzo’s own streetwear brand, Fear of God, has a cult following and the craze continues unabated.
On December 1, Italian luxury brand Tod’s announced the appointment of Matteo Tamburini as its new creative director.
After three years as Creative Director of Givenchy, Matthew Williams will exit the position in January 2024 following the Pre-Fall 2024 collection.