On May 18, the Wall Street Journal reported that Shein, China’s leading fast fashion brand, has raised $2 billion in funding at a valuation of $66 billion.
On May 19, Bloomberg reported that Instagram is planning to release a text-based app to compete with Twitter.
On May 15, VICE Media filed for Chapter 11 bankruptcy protection and announced its bankruptcy. According to documents filed with the court by the company, the total debt is reportedly estimated at up to $1 billion.
“Should we fear AI?”
People often debate this question about “generative AI,” which is evolving at a breakneck pace every day.
The dates for each brand’s Cruise 2024 Collection have been officially announced.
CHANEL will hold its Cruise 2024 Collection show on May 9 in Los Angeles, California, U.S. GUCCI is scheduled to present its Cruise 2024 Collection on May 16 at Gyeongbok Palace in Seoul, Korea.
The Taipei Fashion Week held in March 2023 saw a different approach to each brand’s work and theme, from the unparalleled savoir-faire of traditional crafts inherited in Taiwan to real and virtual fusion collections that introduced cutting-edge digital technology, as well as contributions to sustainability with consideration for the natural environment.
On May 1, MET GALA 2023, the biggest celebration of the fashion world was held at the Metropolitan Museum of Art in New York City. Below is a roundup of the red-carpet outfits of the celebrities who attended the MET GALA 2023.
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On June 3, Spanish fashion retail giant Inditex reported its financial results for the first quarter of fiscal 2026 (February 1–April 30, 2026).
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On June 2, Victoria’s Secret & Co. reported its financial results for the first quarter ended May 2, 2026.
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On June 1, Waldencast announced that it has entered into a definitive agreement to sell its dermatological skincare and aesthetics business, Obagi Medical, to private investment firm Bridgepoint.
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On May 28, New York-based designer Allina Liu revealed via Instagram that a significant portion of her Spring/Summer 2026 collection production had been lost during transit, resulting in the cancellation of several planned product releases.
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U.S. apparel giant Gap Inc. reported its first-quarter fiscal 2026 results on May 28, posting net sales of $3.497 billion, up 1% year-over-year.
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On May 29, AI-powered shopping app Phia announced that it has secured $35.5 million in Series A funding.
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.
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On June 1, the Council of Fashion Designers of America (CFDA) announced the appointment of Allison Sarofim as the new Chair of Friends of the CFDA.
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Paris-based diamond jewelry house Messika has announced the appointment of South Korean actor and model Lee Soo Hyuk as its newest Maison Ambassador.
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Italian luxury menswear house ZEGNA has announced the appointment of French football star Ousmane Dembélé, forward for Paris Saint-Germain and the French national team, as its new Global Brand Ambassador.
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On May 28, French luxury maison Lanvin announced the appointment of Barbara Werschine as its new Chief Executive Officer (CEO).
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On May 27, American fashion brand Diane von Furstenberg (DVF) announced the appointment of New York-based designer Henry Zankov as its new Artistic Director. The role marks the first time in the brand’s 54-year history that the position has been established.
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.
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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.
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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.
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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.
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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.
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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 March 26, Swedish fashion company H&M Group announced its Annual and Sustainability Report for 2025.
