Dubai-based developer Hussain Sajwani, chairman of Damac Properties, is reportedly exploring the sale of Italian luxury fashion house Roberto Cavalli. The potential divestment comes less than five years after Sajwani, through his private investment company Vision Investments, acquired the struggling brand in November 2019, rescuing it from bankruptcy. The news, initially reported by the fashion…
LuxCorp Global Unveils Landmark $500 Million Circular Fashion Innovation Fund Paris, France – On May 23, 2025, LuxCorp Global, a leading luxury conglomerate renowned for its diverse portfolio of prestigious fashion and lifestyle brands, announced a substantial strategic investment aimed at accelerating the transition towards a more sustainable and circular economy within the luxury sector….
Aura Atelier and Synapse Innovations Announce Strategic Partnership to Revolutionize Luxury Personalization Paris, France, and Silicon Valley, USA – In a landmark announcement made on Friday, May 10, 2025, Aura Atelier, the esteemed Parisian luxury fashion house renowned for its exquisite craftsmanship and timeless elegance, revealed a groundbreaking strategic partnership with Synapse Innovations, a leading…
LVMH Unveils Major €500 Million Circularity Investment Paris, France – LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury conglomerate, has announced a landmark commitment of €500 million over the next five years, specifically earmarked to dramatically accelerate its initiatives in circular fashion and luxury by the year 2030. This significant financial pledge, officially unveiled…
LVMH Unveils Major \u20AC5 Billion Sustainability Acceleration Plan Paris, France \u2013 April 18, 2025 \u2013 LVMH Mo\u00ebt Hennessy Louis Vuitton SE, the world’s leading luxury conglomerate, today announced a landmark commitment marking a significant escalation in its environmental strategy. The group is dedicating an unprecedented \u20ac5 billion investment over the next five years specifically towards…
LVMH Achieves Historic Financial Performance in 2024 LVMH Moët Hennessy Louis Vuitton, the undisputed leader and the world’s largest conglomerate in the luxury goods sector, officially announced its financial results for the fiscal year ending December 31, 2024. The highly anticipated report, released on February 20, 2025, revealed a landmark year for the Paris-based group,…
Fashion Industry Leverages AI for Proactive Sustainability Compliance Leading global fashion conglomerates, including industry giants such as LVMH and Kering, are making significant strides in integrating advanced Artificial Intelligence (AI) platforms to enhance transparency and traceability within their complex supply chains. This strategic technological adoption is primarily focused on meticulously tracking supply chain emissions, particularly…
LVMH Elevates Luxury Transparency: Digital Product Passports Coming to All 75 Maisons by End of Q2 2025 In a landmark announcement made on January 28, 2025, LVMH Moët Hennessy Louis Vuitton, the world’s leading global luxury conglomerate, revealed a comprehensive strategic initiative to implement digital product passports across its vast portfolio. This ambitious undertaking commits…
Chanel Pioneers Biodegradable Bio-Fabrics at Paris Fashion Week Paris, France – In a landmark moment for both high fashion and sustainable innovation, Chanel, the venerable French luxury house, unveiled a groundbreaking collection of bio-engineered, fully biodegradable textiles during its highly anticipated Fall/Winter 2025 runway show in Paris. The presentation, held on January 26, 2025, served…
Kering Commits €50 Million to Aggressive Digital Expansion Paris, France – Kering Group, the global luxury collective renowned for housing iconic brands such as Gucci, Balenciaga, and Bottega Veneta, officially unveiled a significant strategic investment on January 27, 2025, aimed squarely at accelerating its presence within the burgeoning digital fashion sector and the metaverse. The…
