Subscribe now to receive the latest articles in our weekly newsletter!
On May 14, German luxury e-commerce company Mytheresa announced its financial results for the third quarter of fiscal year 2025, ended March 31, revealing solid growth in both sales and profitability.
On May 14, British luxury brand Burberry announced its financial results for the fiscal year ending March 2025, reporting a 17% year-on-year drop in revenue to £2.461 billion and an operating loss of £3 million.
On May 13, Bloomberg reported that De Beers, the world’s leading luxury diamond supplier, has been secretly selling rough diamonds to a limited group of clients at a 10–20% discount.
On May 13, Chanel announced that it will restage its Cruise 2026 collection in Singapore on November 4, 2025.
Luxury luggage brand RIMOWA has opened a new flagship boutique at 125 New Bond Street, one of London’s most prestigious shopping destinations.
On May 12, U.S. consumer goods giant Church & Dwight announced it had signed a definitive agreement to acquire Touchland, a rapidly growing brand in the hand sanitizer market.
On May 12, Maison Margiela revealed through an exclusive report by WWD that Glenn Martens will present his first collection for the house during the Fall 2025 Haute Couture Week.
On March 17, ZARA, the flagship brand of the Inditex Group, announced a two-year creative partnership with John Galliano. The collections will debut in September 2026 and will be released seasonally throughout the duration of the partnership.
On March 11, global beauty retail giant SEPHORA announced an official partnership with F1 ACADEMY™, joining the all-female racing series as its Official Partner and Official Beauty Retail Partner.
On March 11, Los Angeles–based modern fine fragrance brand PHLUR announced its upcoming expansion into the European and Mexican markets through Sephora.
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.
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.
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.
On March 17, ZARA, the flagship brand of the Inditex Group, announced a two-year creative partnership with John Galliano. The collections will debut in September 2026 and will be released seasonally throughout the duration of the partnership.
On March 16, Japanese luxury jeweler TASAKI announced the appointment of Richard Collasse as Global CEO, simultaneously unveiling a major overhaul of its group leadership structure — a move aimed at accelerating the brand’s expansion on the world stage.
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.
On March 12, Prada Beauty announced the appointment of Bella Hadid as the brand’s first-ever Global Beauty Ambassador.
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.
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.
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.
On February 4, Osmo, a digital fragrance design company, announced that it has completed a $70 million Series B funding round.
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.
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.
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.
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.
French luxury maison Longchamp has announced that it has obtained B Corp™ certification. B Corp, an independent international certification, evaluates a company’s social and environmental practices based on measured and audited standards.
