Los Angeles–based luxury brand AMIRI celebrated the opening of its first European flagship boutique in Milan with an exclusive in-store event, followed by a private dinner and after-party.
Retail
On February 20, New York–based fashion designer Alexander Wang and his mother, entrepreneur and philanthropist Ying Wang, officially opened a new cultural institution, “THE WANG CONTEMPORARY,” in New York’s Chinatown.
On February 18, eBay and Etsy announced that they have entered into a definitive agreement under which eBay will acquire Depop for approximately $1.2 billion in cash.
On February 19, Canada-based fashion retailer Aritzia announced that it has acquired the iconic Los Angeles retail brand Fred Segal.
On February 6, Skims, the shapewear and apparel brand co-founded by Kim Kardashian, opened a new flagship store in Chicago’s upscale Gold Coast neighborhood.
On January 28, Allbirds, a footwear brand known for its use of sustainable materials, announced plans to streamline its operations as part of a strategy to achieve profitable growth.
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.
French haute couture maison Schiaparelli has opened its first permanent salon in Asia at Landmark Prince’s Building, a premier luxury complex in Hong Kong’s Central district.
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.
As financial uncertainty deepens at Saks Global, one of the world’s largest multi-brand luxury retail groups, Italian luxury brand Brunello Cucinelli has made clear that it will continue to stand by its department store–focused wholesale strategy, Reuters reports.