December 16, U.S.-based skincare brand YSE Beauty has announced that it has raised $15 million in a Series A funding round.
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French luxury maison Dior has opened a new flagship destination, House of Dior Beijing, in the heart of Sanlitun, one of Beijing’s most dynamic cultural and commercial districts.
On December 16, Swedish next-generation cellulose material company Circulose announced the expansion of its partnerships with global fashion brands as it accelerates the large-scale rollout of CIRCULOSE®.
On December 16, French luxury group Kering announced that it has sold a 60% stake in a property it owns on New York’s Fifth Avenue and will transition to a joint venture structure with investment firm Ardian.
On December 15, luxury fashion brand Rick Owens and its parent company Owenscorp announced that they will no longer use fur in any future collections.
On December 10, American global lifestyle brand Tommy Hilfiger announced the appointment of Formula 1® driver Sergio Perez as its new Global Menswear Ambassador.
Asian beauty–focused retailer SUKOSHI has unveiled an ambitious expansion plan for the U.S. market, aiming to operate more than 40 stores nationwide by the end of 2026.
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On March 11, Spanish fashion group Inditex announced its financial results for fiscal year 2025, reporting continued growth in both revenue and profit. Net sales reached €39.9 billion, while net income rose to €6.2 billion, marking new record levels for the company.
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On March 11, U.S.-based consumer technology platform Quince announced that it has raised $500 million in a Series E funding round. Following the financing, the company’s post-money valuation reached $10.1 billion.
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U.S. luxury department store group Saks Global announced on March 6 that it plans to close a total of 15 stores, including 12 Saks Fifth Avenue locations and three Neiman Marcus stores.
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On March 9, U.S. private equity investment firm Main Post Partners announced that it has agreed to sell DeMert Brands—the company behind the haircare brand Not Your Mother’s—to German chemical and consumer goods giant Henkel. Financial terms of the transaction were not disclosed.
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U.S. fashion retailer Revolve Group, Inc. has announced the launch of a new fashion house, REVOLVE Los Angeles, on March 4. The brand is scheduled to debut exclusively on the company’s online platforms REVOLVE and FWRD starting March 9.
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On February 26, Paris-based accessible luxury group SMCP announced its full-year results for 2025.
Tiffany & Co., the New York-born luxury jewelry house, has announced the appointment of Academy Award-winning actress, producer, and director Natalie Portman as its new Global House Ambassador.
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On March 12, Prada Beauty announced the appointment of Bella Hadid as the brand’s first-ever Global Beauty Ambassador.
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On March 12, Stéphane Bianchi, who heads the Watches & Jewelry division of LVMH Moët Hennessy Louis Vuitton, announced the appointment of Béatrice Goasglas as the new CEO of TAG Heuer, effective May 1, 2026.
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Etro and its creative director, Marco De Vincenzo, have officially announced the end of their nearly four-year collaboration, effective March 12. A successor has yet to be named.
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Levi’s® officially announced on March 10, 2026, a global partnership with ROSÉ, the world-renowned singer-songwriter and member of Korean girl group BLACKPINK.
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On March 11, French luxury brand Nina Ricci announced that Harris Reed is stepping down from his role as creative director.
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 February 4, Osmo, a digital fragrance design company, announced that it has completed a $70 million Series B funding round.
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On January 27, Phia, an AI shopping agent co-founded by Phoebe Gates, the daughter of Bill Gates, announced that it has raised $35 million in a Series A round, valuing the company at $185 million.
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The world’s largest retail industry conference, NRF Retail’s Big Show 2026, has opened in New York. On the first day, the world’s largest luxury group, LVMH, took the stage under the theme “The Fusion of Craft and Intelligence,” presenting its vision for luxury in the age of AI—not as a set of tactics, but as a guiding philosophy.
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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.
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On December 11, SuperCircle announced that it has raised $24 million in Series A funding, led by Foundry, with participation from BBG Ventures, Renewal Fund, and Elemental Impact.
Prada’s parent company, Prada Group, has terminated relationships with more than 200 suppliers over the past five years after identifying labour compliance violations within its supply chain.
