link.png Year in Review: the fashion and luxury headlines of 2015← Back

 

As 2015 comes to a close, it’s time to take a look at the stories that have made headlines in the fashion and luxury industries over the past twelve months. From new recruits to breakthroughs in technology, here are the top stories of 2015.
 
 

Alessandro Michele and Gucci
When Frida Giannini and left her role as creative director at Gucci in January, a young designer named Alessadro Michele was handed the reigns of the fashion house: since then his nostalgic, seventies-inspired aesthetic has become a great commercial success. Michele was also quick to be recognized by the industry, and earned the accolade of International Fashion Designer of the Year at the British Fashion Awards.
 
Net-a-Porter x Yoox merge
Undoubtedly one of the biggest business transactions of the year, the merger between two e-commerce giants, Net-a-Porter and Yoox, became an ongoing story throughout 2015. From the initial announcement in March through to Natalie Massenet’s departure in September and the team re-shuffle, everyone has kept their eyes firmly fixed on the development of this new group.
 
End of an era for two US fashion giants
2015 was also the year that two veterans of American fashion decided to withdraw: in July, Donna Karan stepped down from her eponymous label to be replaced by Public School’s Dao-Yi Chow and Maxwell Osborne. In September, Ralph Lauren then resigned as CEO of the company he had founded in 1967.  
 

Raf Simons exits Dior
When Raf Simons announced he was leaving Dior in October, it not only indicated unrest in the fashion industry, but also highlighted the pressure that creative directors face at luxury fashion houses (indeed, Simons wasn’t the first case in 2015: Wang left Balenciaga in July). No surprise, then, that Simons was the most googled fashion designer of 2015.
 
Alber Elbaz parts ways with Lanvin
Shortly after Simons’ announcement, the fashion industry was shaken by another surprise departure: after fourteen years as creative director, Alber Elbaz was parting ways with Lanvin, following disagreements with owner Shaw-Lan Wang. A legal battle has since ensued.
 

2015: the year smartwatches became luxury.
With smart watches becoming increasingly popular, the focus was not only on Apple this year, as it launched its hugely anticipated Apple Watch. Other brands made forays into the smartwatch territory, including luxury watch manufacturers such as Tag Heuer and Breitling.
 
What, or who, do you think will make headlines in 2016? Which major career moves do you think will take place?