Saks Global, a U.S.-based luxury department store group, has reached a critical crossroads in its restructuring efforts.
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Pat McGrath Labs, the cosmetics brand founded in 2015 by British makeup artist Dame Pat McGrath, has entered a restructuring process that includes a potential sale of its assets, according to industry sources.
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On December 18, French luxury group Kering announced that it has signed an agreement to acquire Raselli Franco Group, a family-owned Italian jewelry manufacturer, through a staged transaction.
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December 17, Luxury e-commerce retailer Matches, which ceased operations following insolvency, is set to return under new ownership.
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December 16, U.S.-based skincare brand YSE Beauty has announced that it has raised $15 million in a Series A funding round.
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On December 16, Swedish next-generation cellulose material company Circulose announced the expansion of its partnerships with global fashion brands as it accelerates the large-scale rollout of CIRCULOSE®.
On January 2, Saks Global, one of the world’s largest multi-brand luxury retailers, announced that its Chief Executive Officer, Marc Metrick, has stepped down.
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On December 22, French luxury maison Dior announced the appointment of Anya Taylor-Joy, Jisoo, and Willow Smith as new ambassadors for its fragrance line.
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On December 22, U.S. beauty giant Coty Inc. announced that it will appoint Markus Strobel as Executive Chairman of the Board and Interim Chief Executive Officer, effective January 1, 2026.
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On December 18, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced the appointment of Laura Burdese as Chief Executive Officer of its Italian high jewelry Maison Bvlgari.
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On December 10, American global lifestyle brand Tommy Hilfiger announced the appointment of Formula 1® driver Sergio Perez as its new Global Menswear Ambassador.
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NARS Cosmetics, the Shiseido-owned makeup brand, has announced American model and actress Kaia Gerber as its new Global Brand Ambassador.
On December 1, Shopify, one of the world’s largest independent e-commerce platforms, experienced an unexpected system outage on Cyber Monday.
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Danish wishlist app GoWish is capturing global attention after reaching No. 1 on the U.S. App Store ahead of the 2025 holiday season.
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On October 22, Shop My Shelf, Inc., also known as ShopMy, announced the completion of a $70 million funding round at a valuation of $1.5 billion.
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On October 14, The Estée Lauder Companies Inc. announced the opening of its new hub, La Maison des Parfums, on Rue Volney in Paris’s 2nd arrondissement.
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On October 14, Ulta Beauty, the largest beauty retailer in the United States, announced the launch of UB Marketplace, a new platform dedicated to beauty and wellness.
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On July 25, OpenFashion Inc., a company promoting the fusion of fashion and technology, announced the results of the “TOKYO AI Fashion Week 2025 A/W Contest,” a fashion design competition utilizing generative AI.
On December 15, luxury fashion brand Rick Owens and its parent company Owenscorp announced that they will no longer use fur in any future collections.
