M&A and investment activity continues to dominate the fashion and luxury industries, with a rise in deal volume driven by ongoing consolidation, digital acceleration, and rising pressure on margins. From strategic acquisitions to tech-driven funding rounds, the landscape is increasingly shaped by players aiming to future-proof their operations and expand global reach. Big-name deals over the past several years have brought Tiffany & Co. under the umbrella of LVMH (after the two companies managed to put their rival lawsuits to bed and come to agreeable terms under which French conglomerate could acquire the famed New York-based jewelry stalwart); ridded Richemont of loss-making Yoox Net-a-Porter; and saw Farfetch acquired in a rescue deal by Korea e-commerce giant Coupang.
These moves come amid growing urgency around consolidation, with giants like LVMH, Kering, and Richemont sharpening their portfolios and tech stacks. Sources close to recent transactions suggest more tie-ups are in the pipeline, especially as mid-sized brands and service providers look for scale or exit opportunities in a high-cost, high-competition environment.
“Whether it’s automation, data-driven pricing, or owning more of the value chain, the current deal flow shows the industry’s pivot toward resilience and agility,” says one sector analyst. As fashion grapples with evolving consumer behavior, cost pressures, and digital disruption, the M&A and funding landscape is set to remain active well into 2025 and beyond.
A Timeline of Transactions
With the foregoing in mind, here is a running timeline of the most recent fashion and retail-focused M&A and investments dating back to LVMH’s headline-making deal with Tiffany & Co. …
Nov. 12, 2025 – Skims Raises $225M at $5B Valuation
Skims, the shapewear and apparel brand co-founded by Kim Kardashian and Jens Grede, has raised $225 million in a new funding round led by Goldman Sachs Alternatives, with participation from BDT & MSD Partners. The raise values the brand at $5 billion as it accelerates plans for product expansion, international growth, and a deeper push into physical retail. Launched in 2019, Skims has become a favorite among younger consumers thanks to its inclusive sizing, minimalist aesthetic, and Kardashian’s massive social media reach.
“This milestone reflects continued confidence in our long-term vision,” said CEO Jens Grede. “With disciplined execution, we’re ready to unlock Skims’ next phase of growth.”
Nov. 12, 2025 – LVMH Takes Minority Stake in La Joux-Perret
LVMH’s watch division has acquired a minority stake in Swiss movement manufacturer La Joux-Perret, strengthening a growing partnership aimed at advancing production and innovation across its watch brands, including TAG Heuer, Hublot, and Zenith. The strategic investment builds on existing collaborations between the two companies, including work on solar quartz movements for TAG Heuer and mechanical development for Tiffany & Co.’s Rope watch.
“Their technical mastery and deep roots in Swiss watchmaking make La Joux-Perret an ideal partner,” said Jean-Christophe Babin, CEO of LVMH Watches.
Nov. 10, 2025 – Carlyle Takes Control of The Very Group
Global investment firm Carlyle has officially taken control of The Very Group, marking the end of the Barclay family’s more than 20-year ownership of the UK-based online retail giant. Abu Dhabi-based IMI, another major lender, remains a key stakeholder in the business. The Very Group, formerly Shop Direct and owner of Very.co.uk and Littlewoods, said the move provides a “strengthened capital base and enhanced financial flexibility” to support its long-term growth plans. Backers Carlyle and IMI, who have supported the group since 2021, will work with management to drive innovation and enhance the customer experience through tech and data investments.
“This marks an important milestone as we enter a new phase of growth,” said CEO Robbie Feather. “Carlyle and IMI’s continued support gives us a stronger foundation to deliver on our strategy and build momentum.”
Nov. 7, 2025 – Peachaus Secures £250K Investment
Lingerie startup Peachaus has secured a £250,000 investment from retail veteran Angus Monro, the former CEO of Matalan, who also joins the company as acting Chairman. The funding marks a strategic milestone as Peachaus gears up for national expansion and future fundraising. Founded in 2022 by ex-Topshop Fashion Director Gillian Ridley Whittle, Peachaus is redefining lingerie retail through its values-led, direct-to-women model, bringing bra fittings to workplaces, co-working hubs, and festivals, rather than relying on traditional retail spaces.
Nov. 3, 2025 – LuxExperience sells The Outnet to The O Group
LuxExperience B.V., the digital luxury group behind Mytheresa, Net-a-Porter, and Mr Porter, has agreed to sell off-price fashion site The Outnet to The O Group LLC for $30 million. The deal includes all key assets, including brand rights, inventory, customer data, and U.S. distribution infrastructure, as well as the transfer of The Outnet’s U.S. and U.K. workforce. The Outnet, which specializes in discounted designer fashion from previous seasons, generated €260 million in net sales in FY25. While LuxExperience will retain a commercial relationship, continuing to supply merchandise and operational support, the sale marks a shift toward a leaner off-price strategy centered on Yoox.
Oct. 28, 2025 – Courteney Cox’s Homecourt Secures $8M Series A
Homecourt, the luxury home care brand founded by Courteney Cox in 2022, has raised $8 million in Series A funding to scale its team, expand retail partnerships, and prepare for international growth. The round was led by Cult Capital with $5 million, alongside participation from existing investors and friends contributing the remaining $3 million.
With the investment, the brand plans to deepen its retail presence beyond Nordstrom and Bluemercury, grow its small but efficient team, and continue innovating around its best-selling CeCe fragrance line. International expansion is on the horizon, with London eyed as a potential launch point. “This brand works because I won’t settle for 99 percent,” Cox said. “It has to be perfect.”
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