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Donatella Versace announces her departure as creative director of Vedraced, with Dario Vitale set to take over amidst potential sale discussions with Prada.
Sociedad Textil Lonia has acquired the Christian Lacroix brand, previously owned by Falic Group, marking a new chapter for the iconic fashion label.
Hainan's duty-free spending dropped 29% in 2024, impacting luxury brands and posing challenges for China's tourism recovery.
Walmart's Birkin bag dupe has gone viral, raising concern among luxury brands about dilution of exclusivity and authenticity in fashion.
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