On May 24, Louis Vuitton held a runway show for its Cruise 2024 collection. The show took place on Isola Bella, a small private island floating on Lake Maggiore in Italy and owned by the Borromeo family since the 16th century.
DIOR presented its Cruise 2024 collection in Mexico City on May 20.
The theme of the collection is Frida Kahlo, one of the most notable women painters in contemporary Mexican painting.
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.
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On June 16, Vince Holding Corp., the company behind the American fashion brand Vince, reported its financial results for the first quarter of fiscal 2026, which ended on May 2, 2026. Net sales increased 10.5% year-over-year to $64.0 million, reflecting growth across both the brand’s direct-to-consumer (DTC) and wholesale businesses.
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HUMAN MADE Inc., the company behind HUMAN MADE, announced on June 15 that it has signed a basic agreement to acquire all shares of Undercover Co., Ltd., the company operating UNDERCOVER.
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On June 11, British retail giant Frasers Group Plc announced an offer to acquire the remaining outstanding shares of German fashion brand Hugo Boss AG for approximately €2 billion.
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Online personal styling service Stitch Fix announced its financial results for the third quarter of fiscal 2026, ended May 2, 2026, on June 10.
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On June 9, global brand platform Authentic Brands Group (ABG) announced a strategic partnership with Flywheel, a provider of commerce and technology solutions.
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On June 10, ASICS announced its decision to transfer the Onitsuka Tiger business to OT GROUP, a wholly owned subsidiary, through a company split and to reorganize Onitsuka Tiger operations in various countries under the OT GROUP structure.
Italian fashion house Moschino announced on June 19 that Creative Director Adrian Appiolaza will be stepping down from his role. The brand has not yet named a successor, stating that an announcement will be made in the coming months.
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Charlotte Tilbury, Founder, President, Chairman and Chief Creative Officer of Charlotte Tilbury Beauty, has been awarded a Commander of the Order of the British Empire (CBE) in the King’s Birthday Honours 2026.
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On June 15, Khy, the fashion brand founded by Kylie Jenner, announced the appointment of Laura du Rusquec as its Chief Executive Officer (CEO).
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The British Fashion Council (BFC) announced on June 11 that LABRUM has been named the winner of the 2026 BFC/GQ Designer Fashion Fund, a program designed to support the growth and long-term success of promising British designer fashion businesses.
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Saint Laurent announced the appointment of Anouck Duranteau-Loeper as Deputy CEO in Charge of Product. Effective July 1, 2026, she will join the executive leadership team and report directly to Chief Executive Officer Cédric Charbit.
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On June 10, premium hair tools brand T3 announced the appointment of Anne-Cécile Brilland as its new Chief Executive Officer (CEO).
French beauty giant L’Oréal announced a strategic collaboration with OpenAI, the company behind ChatGPT, on June 17 during VivaTech 2026 in Paris.
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Italian luxury house Prada and commercial space company Axiom Space have unveiled the Liquid Cooling and Ventilation Garment (LCVG), the latest milestone in their collaboration on next-generation spacesuit technology for NASA’s Artemis program.
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On May 29, AI-powered shopping app Phia announced that it has secured $35.5 million in Series A funding.
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U.S. tech giant Google has unveiled a new shopping feature that could fundamentally transform the structure of online commerce: “Universal Cart.”
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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.
On March 26, Swedish fashion company H&M Group announced its Annual and Sustainability Report for 2025.
