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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On December 23, L’Oréal Group has announced an agreement to acquire Gowoonsesang Cosmetics Co., Ltd., a subsidiary of Swiss retail group Migros, which includes the South Korean skincare brand Dr.G.
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Kering, a leading conglomerate in the luxury industry, is moving forward with plans to bring in external investors for a new entity that will manage approximately €4 billion ($4.2 billion) worth of real estate assets spread across Milan, New York, and Paris.
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On December 16, New York-based brand management firm WHP Global announced an agreement to acquire the intellectual property (IP) of the VERA WANG brand, led by renowned fashion designer Vera Wang.
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On December 13th, Lucien Pagès Communication, a prominent PR agency based in Paris and New York, announced that it had become part of The Independents, a leading group in the luxury and lifestyle sectors.
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On December 10, Japan’s leading cosmetics company KOSÉ Corporation announced the acquisition of shares in PURI CO., LTD. (hereinafter referred to as “PURI”), the company behind Thailand’s renowned holistic wellness brand PAÑPURI.
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On December 9, outdoor brand L.L.Bean announced its second round of layoffs for 2024.
On December 18, Highsnobiety, a culture platform based in Berlin, announced a new leadership structure.
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On December 13th, Lucien Pagès Communication, a prominent PR agency based in Paris and New York, announced that it had become part of The Independents, a leading group in the luxury and lifestyle sectors.
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The prestigious French maison Chanel has ushered in a new era. On December 12, Chanel officially announced the appointment of Matthieu Blazy as its new creative director, putting an end to months of industry speculation.
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On December 12, Bottega Veneta announced the appointment of Louise Trotter as its new Creative Director.
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On December 11, John Galliano announced via his Instagram that he is stepping down as the Artistic Director of Maison Margiela after 10 transformative years.
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On December 9, Dries Van Noten announced the appointment of Julian Klausner as the brand’s new creative director, signaling the beginning of an eagerly awaited new chapter.
On December 18, Balenciaga opened its first standalone store in Austin, Texas. Located within the mixed-use metropolitan center of The Domain, the store features an extensive selection of the brand’s latest collections, including men’s and women’s ready-to-wear, shoes, bags, and accessories.
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The Parisian luxury jeweler, Boucheron, has opened its first boutique in Las Vegas, located within the opulent Fontainebleau Las Vegas.
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On December 16, Canadian fashion retailer Aritzia opened its new flagship boutique on Fifth Avenue in New York.
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Kim Kardashian’s shapewear brand SKIMS has opened its first flagship store on New York’s Fifth Avenue.
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Jil Sander, under the OTB Group, has announced the launch of its first-ever fine jewelry collection, marking a significant milestone in the brand’s history.
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The shapewear brand SKIMS, led by actress and entrepreneur Kim Kardashian, has partnered for the first time with the legendary outdoor brand The North Face to unveil a groundbreaking winter wear collection designed to transition seamlessly from ski slopes to après-ski lounges.
On September 16, the “Intertextile Shanghai Apparel Fabrics,” held in Shanghai, China, from August 29 to 31, announced that it had reached a historic milestone with its 30th anniversary edition.
