On July 15th, Swatch Group, which owns Harry Winston, released its financial report for the first half of 2024, showcasing significant decreases in revenue and profits.
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On July 17th, EssilorLuxottica, a global leader in the eyewear industry, announced that it has entered into a definitive agreement to acquire the fashion brand Supreme from VF Corporation for $1.5 billion.
On July 17, the French luxury conglomerate LVMH announced the appointment of Julien Tornare as the new CEO of its watch brand, Hublot.
Coperni, the French fashion brand renowned for its innovative performance and design, has announced that its next runway show will be held at Disneyland in Paris.
On July 16, Swarovski, renowned for its crystal jewelry, announced the appointment of singer and actress Ariana Grande as its new brand ambassador.
Dior has recently welcomed F1 star racer Lewis Hamilton as its new ambassador and announced a new lifestyle capsule collection co-created with him as a guest designer.
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According to Reuters, major consumer goods companies such as Unilever and Procter & Gamble (P&G) are facing the threat of tariffs on Mexico under the incoming administration of U.S. President-elect Donald Trump.
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Richemont Announces Profit Decline in H1 Earnings – Impact of Weak Demand in China on Watch Division
On October 8, luxury conglomerate Richemont announced its H1 earnings, revealing stable sales but declining profit.
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LVMH Moët Hennessy Louis Vuitton’s investment arm, LVMH Luxury Ventures, has acquired a minority stake in the Swedish menswear brand Our Legacy.
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On November 7, Ralph Lauren Corporation announced that its second-quarter revenue for FY2025 grew by 6% year-over-year, surpassing expectations.
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Aritzia, a fashion retailer based in Canada, is experiencing rapid growth in the U.S. market.
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Joshua Schulman, the new CEO of Burberry, faces a daunting task in reviving this traditional British luxury brand.
On November 8, StockX, the rapidly growing online marketplace based in Detroit, announced a leadership transition.
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Anna Wintour, the editor-in-chief of U.S. Vogue, has made headlines by appointing designer Marc Jacobs as the guest editor for the magazine’s December issue.
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On November 4, the Aeffe Group’s Alberta Ferretti brand announced the appointment of Alexandra Lamprecht as its first-ever general manager.
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On November 4, renowned haute couture fashion house Elie Saab announced the appointment of Greek-Austrian luxury handbag designer Marina Raphael as Artistic & Design Director for its handbag division.
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On November 1, it was announced that Rohit Bal, one of India’s most iconic fashion designers, passed away at 63.
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On October 28, the 2024 CFDA Fashion Awards, presented by Amazon Fashion, took place at the American Museum of Natural History.
On October 31, Amazon (NASDAQ: AMZN) announced its financial results for the third quarter ending September 30, 2024.
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Swedish eyewear brand CHIMI has recently opened its first U.S. flagship store in New York’s SoHo district.
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On October 30, Hermès opened a new boutique in Atlanta, Georgia.
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Italian luxury brand Valentino has entered a new partnership with Dover Street Market (DSM), founded by Rei Kawakubo and Adrian Joffe, to mark the release of Alessandro Michele’s first cruise collection, “Avant Les Débuts.”
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Under the leadership of Daniel Roseberry, Schiaparelli has launched its first-ever retail exhibition in Asia, “Through the Keyhole,” at the Plaza 66 mall in Shanghai, starting on October 18, 2024.
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On October 18th, the luxury brand from southern France, Jacquemus, opened its first U.S. standalone store in New York’s SoHo district.
On July 9, Inditex, the parent company of ZARA, announced…
