On April 27, Vinted, a leading player in Europe’s resale market, was reported to have reached a valuation of €8 billion. The milestone comes on the back of an approximately €880 million share transaction led by EQT.
On April 27, Fendi, the Rome-based Italian luxury house, announced that Maria Grazia Chiuri will present her first couture collection for the brand in Rome on July 9, 2026.
Comité Colbert, the official body representing the French luxury industry, will present a special exhibition titled “Hidden Treasures: 250 Years of Franco-American Luxury Stories” in New York.
On April 20, the French luxury maison Moynat opened its first boutique in Italy at 3 Via Montenapoleone in Milan.
Founded in 1688 in Kyoto’s Nishijin district, the historic textile house Hosoo presented the installation WEAVE WAVE at Milan Design Week 2026, in collaboration with German contemporary artist and sound composer Carsten Nicolai (Alva Noto).
As it works to recover from a prolonged sales slowdown, sportswear giant Nike is accelerating a global round of layoffs and organizational restructuring. The company announced plans to cut approximately 1,400 roles, with the majority concentrated in its technology division.
Chanel has named Jacob Elordi as the new face of Bleu de Chanel, marking a new chapter for one of the brand’s most recognizable men’s fragrances. Launched in 2010, the scent has become a core pillar of the house with strong global visibility.
Latest Posts
Editor’s Pick: Early Summer Wardrobe Essentials
The New School, a private university based in New York City, has reduced its workforce by nearly 90 faculty and staff members as part of an ongoing restructuring initiative aimed at restoring its financial stability.
-
U.S. luxury department store group Saks Global announced on June 5 that it has received approval of its Plan of Reorganization from the U.S. Bankruptcy Court for the Southern District of Texas.
-
On June 4, U.S. athleisure brand Lululemon announced a reduction to its full-year fiscal 2026 guidance.
-
Saks Global has announced that it will close the downtown Dallas flagship store of U.S. luxury department store Neiman Marcus on September 30, 2026.
-
Italian fashion and luxury group OTB announced on June 4 that it has completed the acquisition of 100% of avant-garde Haute Couture house Viktor&Rolf, bringing the brand fully under its ownership.
-
On June 3, Macy’s, Inc. reported its financial results for the first quarter of fiscal 2026, ended May 2, 2026.
On June 8, French department store group Printemps announced that its Supervisory Board has appointed Rémy Baume as Chief Executive Officer of the Group.
-
On June 8, French fashion house Carven announced the appointment of Kai Nesselrath as its new Design Director.
-
The National Association for the Development of the Fashion Arts (ANDAM) announced the 11 finalists for the 37th edition of the ANDAM Fashion Awards on June 3.
-
Korean skincare brand Anua has announced Kendall Jenner as its first-ever global brand ambassador. Alongside the appointment, the brand is launching a global campaign centered on its PDRN Collagen Glow Facial Serum Spray.
-
The Council of Fashion Designers of America (CFDA) announced the 10 finalists for the 2026 CFDA/Vogue Fashion Fund on June 2.
-
On June 1, Kering announced the appointment of Gianfranco D’Attis as Chief Executive Officer of Alexander McQueen. Effective June 3, 2026, D’Attis will report directly to Kering CEO Luca de Meo and will be based in London.
U.S. tech giant Google has unveiled a new shopping feature that could fundamentally transform the structure of online commerce: “Universal Cart.”
-
On May 13, the Council of Fashion Designers of America (CFDA) announced the launch of “Innovation Hub,” a new initiative developed in partnership with OpenAI to support AI adoption across the fashion industry.
-
L’Oréal Luxe, the luxury division of L’Oréal Groupe, announced on May 12 an exclusive partnership with DATALAND, a new AI-focused art museum set to open in Los Angeles this summer.
-
On March 17, French beauty company L’Oréal announced the expansion of its AI partnership with U.S.-based semiconductor leader NVIDIA. The initiative aims to fundamentally redefine beauty and skincare development through AI-driven computational chemistry.
-
Can AI truly eliminate fit uncertainty in fashion e-commerce? CATCHES’ RealFit suggests a future where digital shopping is no longer defined by guesswork, but by precision.
-
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 March 26, Swedish fashion company H&M Group announced its Annual and Sustainability Report for 2025.
