JD.com, China’s giant e-commerce platform, has opened its first warehouse in Paris to store apparel products for its international site JD Worldwide in an effort to streamline cross-border e-commerce between Europe and China.
Retail
On January 31, Swedish fast fashion company H&M Group appointed Daniel Ervér as its new chief executive officer. Ervér, who was previously the group’s head of brands, takes over from former CEO Helena Helmersson.
Louis Vuitton’s Spring/Summer 2024 collection, the first collection since Pharrell Williams took over as Men’s Creative Director, began hitting store shelves around the world this week.
In this article, following Summary of Memorable News in the Fashion Industry 2023, OSF’s editorial team has carefully selected the most notable news that occurred in the fashion business industry in 2023.
Uniqlo will team up with Finnish brand Marimekko for the first time in six years to launch a limited-edition collection on New Year’s Day 2024.
Grown Brilliance, which sells lab-grown diamonds, has opened a new retail store in Los Angeles.
On December 20, Frasers Group, the retail group owned by Mike Ashley, a successful British high street business, will acquire the luxury e-commerce site Matchesfashion for just 52 million pounds ($63 million).
On December 18, luxury e-commerce platform Farfetch, which was on the verge of bankruptcy, was reportedly being acquired by South Korean e-commerce giant Coupang for $500 million.
On December 8, jewelry brand Swarovski opened its largest flagship store on Fifth Avenue in New York City.
On November 27, it was announced that Shein, the giant Chinese fast-fashion retailer, has confidentially filed for an initial public offering (IPO) in the United States.