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Prada’s parent company, Prada Group, has terminated relationships with more than 200 suppliers over the past five years after identifying labour compliance violations within its supply chain.
On January 28, Allbirds, a footwear brand known for its use of sustainable materials, announced plans to streamline its operations as part of a strategy to achieve profitable growth.
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.
On January 27, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced its full-year results for fiscal 2025.
On January 26, U.S. makeup brand Pat McGrath Labs filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code.
On January 23, Authentic Brands Group (ABG) announced that it has taken the American denim brand Guess private.
London-based art and design institution Central Saint Martins (CSM) has announced the appointment of Stella…
On February 2, Maison Valentino officially announced the appointment of Rei and Liz, members of K-pop girl group IVE, as brand ambassadors.
On January 30, Paris-based fashion house Alaïa officially announced that its Belgian creative director, Pieter Mulier, will step down from his role.
On January 23, Dior announced the appointment of Canadian actress and director Taylor Russell as the brand ambassador for its new collections under Jonathan Anderson.
On January 21, French outdoor brand Salomon announced the appointment of Finnish designer Heikki Salonen as its first-ever creative director.
On January 20, it was announced that Bartolomeo Rongone, who has served as CEO of Bottega Veneta for approximately six years, will step down from the brand on March 31 and assume the role of CEO at Moncler Group on April 1.
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.
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 January 28, Japanese fashion brand CFCL announced the establishment of its own production facility, CFCL Knitting Factory, located in Sōka City, Saitama Prefecture.
