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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 January 2, Carmell, a company specializing in the bio-aesthetics sector, announced that it had signed a definitive agreement to acquire Elevai Skincare’s skincare and haircare business.
In 2024, the leading figures of France’s luxury industry encountered unprecedented challenges.
On December 23, Saks Global announced the completion of its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion.
On December 23, L’Oréal Group has announced an agreement to acquire Gowoonsesang Cosmetics Co., Ltd., a subsidiary of Swiss retail group Migros, which includes the South Korean skincare brand Dr.G.
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.
Emporio Armani has announced that British actor Nicholas Galitzine has been chosen as the new global ambassador for its latest fragrance, Stronger with You Parfum.
On January 1, Rosita Missoni, a designer who symbolized the Italian fashion world, passed away at the age of 93.
Aine1 Joyeria’s jewelry collection embodies the very essence of such jewelry. Each piece, seamlessly combining the sleekness of geometric lines with the organic beauty of nature, reflects the life and vision of its designer, Lucía Medico.
In 2003, the collaboration between Louis Vuitton and Takashi Murakami marked a groundbreaking moment, seamlessly blending fashion, art, and pop culture.
On December 18, Highsnobiety, a culture platform based in Berlin, announced a new leadership structure.
On December 13th, Lucien Pagès Communication, a prominent PR agency based in Paris and New York, announced that it had become part of The Independents, a leading group in the luxury and lifestyle sectors.
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.
The Parisian luxury jeweler, Boucheron, has opened its first boutique in Las Vegas, located within the opulent Fontainebleau Las Vegas.
On December 16, Canadian fashion retailer Aritzia opened its new flagship boutique on Fifth Avenue in New York.
Kim Kardashian’s shapewear brand SKIMS has opened its first flagship store on New York’s Fifth Avenue.
Jil Sander, under the OTB Group, has announced the launch of its first-ever fine jewelry collection, marking a significant milestone in the brand’s history.
The shapewear brand SKIMS, led by actress and entrepreneur Kim Kardashian, has partnered for the first time with the legendary outdoor brand The North Face to unveil a groundbreaking winter wear collection designed to transition seamlessly from ski slopes to après-ski lounges.
On September 16, the “Intertextile Shanghai Apparel Fabrics,” held in Shanghai, China, from August 29 to 31, announced that it had reached a historic milestone with its 30th anniversary edition.
