News

  • US brand Gap & Sandy Liang unveil limited-edition fashion line
    Gap is partnering with New York designer Sandy Liang on a limited-edition women’s and kids’ collection launching on October 10. Merging Gap’s classic heritage with Liang’s nostalgic yet edgy style, the line reimagines brand icons through a playful, modern lens. An animated short film, 'Sandy’s Dream Closet', celebrates girlhood, creativity, and timeless self-expression.
  • AI to take centre stage at Global Sourcing Expo 2025 seminar
    AI’s transformative role in fashion will take centre stage at the Global Sourcing Expo’s seminar, ‘Growth, e-commerce and AI in Fashion,’ on November 18. Led by Elizabeth Formosa with panellists Kelly Slessor and Christina Exie, the session explores how AI drives smarter, more sustainable growth, enhances creativity, and empowers brands—big or small—to innovate responsibly and reduce waste.
  • Redress to lead Source Fashion catwalk, spotlighting circular design
    Source Fashion has partnered with Redress as the headline catwalk partner for its January 13–15, 2026 edition at Olympia London. The collaboration will showcase 2-3 Redress Design Award alumni, highlighting circular and sustainable fashion. The thrice-daily catwalks will promote responsible design, aligning both organisations’ missions to drive creativity, sustainability, and change in fashion industry.
  • LVMH posts $67.4 bn revenue in 9M, shows resilience amid volatility
    LVMH Moet Hennessy Louis Vuitton reported €58.1 billion (~$67.396 billion) in revenue for the first nine months of 2025, down 2 per cent YoY. Fashion and Leather Goods fell 6 per cent organically, yet Louis Vuitton, Dior, and Loro Piana sustained creative momentum through new launches and shows. Selective Retailing rose 3 per cent. DFS’s recovery in Asia, and Le Bon Marche’s continued strength.
  • Italian brand Fendi welcomes Maria Grazia Chiuri as CCO
    Fendi has appointed Maria Grazia Chiuri as its new chief creative officer. Returning to the Maison where she began her career, Chiuri will lead its artistic direction while strengthening Italian craftsmanship. Bernard Arnault and Ramon Ros praised her vision and cultural influence. Chiuri’s debut collection for Fendi, Fall/Winter 2026–2027, will be presented in Milan next February.
  • 3 luxury brands fined for anti-competitive pricing practices in EU
    The European Commission has fined three luxury fashion brands for fixing resale prices. A probe revealed the three brands restricted the ability of independent third-party partner retailers to set their own online and offline retail prices for products designed and sold by them under their respective brand names. They interfered with their retailers' commercial strategies by imposing restrictions on them.
  • Fashion brand OVS opens flagship store in Delhi’s pacific mall
    Italian fashion brand OVS has debuted in India with a 9,000 square feet flagship store at Pacific Mall, Tagore Garden, Delhi. The launch featured a ribbon-cutting ceremony, exclusive gifts for early shoppers, and a pop-up tram-themed installation previewing OVS’ Italian style. The brand aims to blend Italian design, affordability, and sustainability for fashion-conscious Indian consumers.
  • Kering and L’Oréal seal €4 billion luxury beauty and wellness deal
    Kering and L’Oréal have entered a €4 billion strategic partnership spanning luxury beauty, fragrance, and wellness. The deal includes L’Oréal’s acquisition of Creed and 50-year exclusive licences for Gucci, Bottega Veneta, and Balenciaga fragrances. The alliance aims to accelerate global growth and explore new frontiers in wellness and longevity.
  • French company Kering posts 10% revenue decline in Q3FY25
    Kering’s Q3 revenue fell 10% to €3.4 billion (~$3.94 billion), with a 5 per cent comparable decline but showing sequential improvement from Q2. Gucci’s revenue dropped 18 per cent to €1.3 billion (~$1.51 billion), driven by weaker wholesale and retail sales despite new product successes. CEO Luca de Meo emphasised ongoing turnaround efforts to restore growth and market prominence.
  • Italian group Prada’s retail sales up 9% in 9 months of 2025
    Prada Group’s retail sales increased 9 per cent to €3,647 million (‘$4.26 billion) in the nine months to September 2025, with the third quarter up 8 per cent. Asia Pacific grew 10 per cent, the Americas 15 per cent, Europe 6 per cent, Japan 3 per cent, and the Middle East 21 per cent. Miu Miu surged 41 per cent, while Prada remained resilient.