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Italian luxury brand Valentino has entered a new partnership with Dover Street Market (DSM), founded by Rei Kawakubo and Adrian Joffe, to mark the release of Alessandro Michele’s first cruise collection, “Avant Les Débuts.”
On October 30, 2024, Prada Group, based in Milan, announced it had achieved a remarkable 18% year-over-year increase in net revenue for the nine months ending September 30, defying the prevailing downturn in the luxury market.
On October 28, the 2024 CFDA Fashion Awards, presented by Amazon Fashion, took place at the American Museum of Natural History.
On October 28, multiple media outlets reported that The Estée Lauder Companies intends to appoint Stéphane de La Faverie, the company’s Executive Group President, as its next CEO.
CLO Virtual Fashion Inc., a leader in the fashion technology industry, has launched its new dedicated learning platform, “CLO Academy,” specifically designed for digital fashion design.
American luxury jewelry brand David Yurman has launched its 2024 holiday campaign, showcasing its most influential cast to date.
The American luxury brand industry was shaken on October 24 as the U.S. District Court for the Southern District of New York halted Tapestry, Inc.’s ambitious $8.5 billion acquisition of Capri Holdings Limited.
On March 17, ZARA, the flagship brand of the Inditex Group, announced a two-year creative partnership with John Galliano. The collections will debut in September 2026 and will be released seasonally throughout the duration of the partnership.
On March 11, global beauty retail giant SEPHORA announced an official partnership with F1 ACADEMY™, joining the all-female racing series as its Official Partner and Official Beauty Retail Partner.
On March 11, Los Angeles–based modern fine fragrance brand PHLUR announced its upcoming expansion into the European and Mexican markets through Sephora.
On March 11, Spanish fashion group Inditex announced its financial results for fiscal year 2025, reporting continued growth in both revenue and profit. Net sales reached €39.9 billion, while net income rose to €6.2 billion, marking new record levels for the company.
On March 11, U.S.-based consumer technology platform Quince announced that it has raised $500 million in a Series E funding round. Following the financing, the company’s post-money valuation reached $10.1 billion.
U.S. luxury department store group Saks Global announced on March 6 that it plans to close a total of 15 stores, including 12 Saks Fifth Avenue locations and three Neiman Marcus stores.
On March 17, ZARA, the flagship brand of the Inditex Group, announced a two-year creative partnership with John Galliano. The collections will debut in September 2026 and will be released seasonally throughout the duration of the partnership.
On March 16, Japanese luxury jeweler TASAKI announced the appointment of Richard Collasse as Global CEO, simultaneously unveiling a major overhaul of its group leadership structure — a move aimed at accelerating the brand’s expansion on the world stage.
Tiffany & Co., the New York-born luxury jewelry house, has announced the appointment of Academy Award-winning actress, producer, and director Natalie Portman as its new Global House Ambassador.
On March 12, Prada Beauty announced the appointment of Bella Hadid as the brand’s first-ever Global Beauty Ambassador.
On March 12, Stéphane Bianchi, who heads the Watches & Jewelry division of LVMH Moët Hennessy Louis Vuitton, announced the appointment of Béatrice Goasglas as the new CEO of TAG Heuer, effective May 1, 2026.
Etro and its creative director, Marco De Vincenzo, have officially announced the end of their nearly four-year collaboration, effective March 12. A successor has yet to be named.
On February 9, the Council of Fashion Designers of America (CFDA) announced the launch of the CFDA & OpenAI Innovation Hub, a new initiative established in partnership with OpenAI.
On February 4, Osmo, a digital fragrance design company, announced that it has completed a $70 million Series B funding round.
On January 27, Phia, an AI shopping agent co-founded by Phoebe Gates, the daughter of Bill Gates, announced that it has raised $35 million in a Series A round, valuing the company at $185 million.
The world’s largest retail industry conference, NRF Retail’s Big Show 2026, has opened in New York. On the first day, the world’s largest luxury group, LVMH, took the stage under the theme “The Fusion of Craft and Intelligence,” presenting its vision for luxury in the age of AI—not as a set of tactics, but as a guiding philosophy.
On December 10, Shopify, one of the world’s largest independent e-commerce platforms, announced the launch of Shopify Agentic Storefronts, a new solution designed to enable next-generation shopping experiences on AI platforms.
On December 11, SuperCircle announced that it has raised $24 million in Series A funding, led by Foundry, with participation from BBG Ventures, Renewal Fund, and Elemental Impact.
French luxury maison Longchamp has announced that it has obtained B Corp™ certification. B Corp, an independent international certification, evaluates a company’s social and environmental practices based on measured and audited standards.
