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On January 7, the Council of Fashion Designers of America (CFDA) announced two new grant programs aimed at strengthening the foundation of fashion manufacturing in the United States.
One of Asia’s largest textile trade fairs, Intertextile Shanghai Apparel Fabrics – Spring Edition 2026, will take place over three days from Wednesday, March 11, to Friday, March 13, 2026, at the National Exhibition and Convention Center (Shanghai) in China.
Saks Global, a U.S.-based luxury department store group, has reached a critical crossroads in its restructuring efforts.
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.
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.
December 17, Luxury e-commerce retailer Matches, which ceased operations following insolvency, is set to return under new ownership.
On January 7, LVMH announced a leadership reshuffle at its maison Givenchy, appointing Amandine Ohayon as the brand’s new Chief Executive Officer.
On January 7, Louis Vuitton announced the appointment of professional skateboarder Yuto Horigome as the Maison’s newest ambassador.
Fanny Moizant, co-founder and president of the French luxury resale platform Vestiaire Collective, has left the company.
On January 6, Emporio Armani announced the appointment of model and entrepreneur Kendall Jenner as its Global Fragrance Ambassador.
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.
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.
On December 1, Shopify, one of the world’s largest independent e-commerce platforms, experienced an unexpected system outage on Cyber Monday.
Danish wishlist app GoWish is capturing global attention after reaching No. 1 on the U.S. App Store ahead of the 2025 holiday season.
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.
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.
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.
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.
