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Tapestry, the parent company of Coach, is acquiring Capri Holdings, which owns fashion brands such as Michael Kors, Versace, and Jimmy Choo. The purchase price is approximately $8.5 billion.
Leading sports apparel brand Nike has announced plans to partner with FitLab, an integrated operating company of performance lifestyle brands, to open group fitness studios called Nike Studios later this year.
On August 4, Gap announced its collaboration with LoveShackFancy. A total of 76 capsule collections will be available in stores and online.
Since the pandemic, consumers’ expectations of physical stores have changed dramatically. In recent years, it is no exaggeration to say that having the right technology tools in stores is an “indispensable prerequisite” for improving the convenience of stores.
On July 28, WWD revealed that Prada will launch its first skincare and makeup products.
On July 27, Kering announced that they will acquire a 30% stake in Valentino from Qatari investment firm Mayhoola, the parent company of Valentino, for a cash consideration of €1.7 billion.
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.
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.
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.
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.
On December 9, outdoor brand L.L.Bean announced its second round of layoffs for 2024.
On December 5, jewelry brand Swarovski announced signing a long-term beauty license agreement with Coty, one of the world’s leading beauty companies.
On December 18, Highsnobiety, a culture platform based in Berlin, announced a new leadership structure.
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.
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.
On December 12, Bottega Veneta announced the appointment of Louise Trotter as its new Creative Director.
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.
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.
The Parisian luxury jeweler, Boucheron, has opened its first boutique in Las Vegas, located within the opulent Fontainebleau Las Vegas.
On December 16, Canadian fashion retailer Aritzia opened its new flagship boutique on Fifth Avenue in New York.
Kim Kardashian’s shapewear brand SKIMS has opened its first flagship store on New York’s Fifth Avenue.
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.
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.
