Chalhoub Group, one of the key luxury conglomerates in the Gulf region, has made a strategic investment in Willy Chavarria, the acclaimed New York-based fashion brand.
Chalhoub Group quietly acquired its minority stake in Willy Chavarria last month, joining disruptive creative brand incubator Fae Fashion Ventures. The brand-building firm founded by music veterans Sarah Stennett and David Grinberg first invested in Willy Chavarria in early 2024.
“The partnership marks a pivotal step in the brand’s global growth, bringing together a trifecta of retail expertise, creative innovation, and cultural relevance,” Chalhoub Group said in an official statement. Terms of the deal have not been released.
Hybrid retailer Chalhoub Group boasts a portfolio of ten owned brands, some 950 stores, and over 400 international brands in the luxury, beauty, fashion, and art de vivre categories. As part of its strategic ambition, Chalhoub Group supports rising luxury brands through venture capital as well as larger mergers and acquisitions, with a particular focus on fragrance, leather goods, footwear, and homeware.
“This investment underscores the Group’s commitment to backing scalable, high-potential brands with strong cultural relevance and visionary leadership,” said Chalhoub Group. “In the case of Willy Chavarria, we believe his cultural resonance and unique blend of experience in fashion, inclusive identity, and humanity will enable the brand to connect across diverse client segments and cultural moments, and we look forward to supporting the company as it expands internationally.”
With more than 70 years of experience in luxury retail and brand building across the Middle East and beyond, the Chalhoub Group boasts extensive expertise in market expansion, distribution, and value creation which it will harness to support Willy Chavarria’s global acceleration.
Co-founded in 2015 by Willy Chavarria and David Ramirez, the New York label has evolved into one of fashion’s most authentic voices, blending bold tailoring with socially conscious narratives and cultural symbolism. The brand made its official Paris Fashion Week debut in January 2025 and has positioned itself at the forefront of next-generation luxury.
This partnership will facilitate expansion into key markets such as Europe and Asia, support a suite of new creative projects, and help realise the long-term vision of CEO and creative director Willy Chavarria.
Willy Chavarria has won numerous awards for his designs – BFA
“We are thrilled to welcome Chalhoub Group onto the board of Willy Chavarria to add their expertise in scaling growth businesses. The fusion of retail, brand experience, and cultural expression across all areas of the arts will establish a blueprint for future-facing fashion brands,” said Stennett.
Since the brand’s partnership with Fae Group, beginning in Spring/Summer 2024, Willy Chavarria has more than tripled its number of wholesale distributors, secured partnerships with leading retailers, and launched impactful collaborations with Adidas, Don Julio, and Tinder.
Born into a modest family of Mexican and Irish origin in a Californian farming community, Chavarria studied art in San Francisco; working as a designer for Joe Boxer before joining Ralph Lauren where he led its sports collections. He debuted his eponymously named brand in 2015, knitting together politics and fashion from his first shows, including an early presentation inside a New York leather bar on the Hudson River.
Willy made a sensational Paris runway debut in January of this year. The designer’s show inside the American Cathedral featured models Indya Moore and Paloma Elsesser along with a recording of Episcopal Bishop Mariann Edgar Budde chastising President Trump for his lack of compassion and inclusivity.
“Willy Chavarria is a designer who represents the evolving face of luxury, rooted in culture, identity, and community,” said Zahra Kassim-Lakha, chief investment officer at Chalhoub Group. “Our partnership is grounded in a shared ambition to support brands with strong values and distinctive voices. We believe Willy’s creative vision and powerful storytelling are reshaping the fashion landscape globally.”
Willy Chavarria’s global impact and creative vision have been recognised with multiple awards – from Woolmark Prize finalist 2019; Cooper Hewitt National Design Award winner 2022; and two awards for CFDA American Menswear Designer of the Year.
Joining Chalhoub Group and Fae Fashion Ventures is Webster Capital and its founder, Tony Olson. Though the percentage stake held by Chalhoub, Fae Fashion Ventures, Webster Capital, and Willy Chavarria have not been revealed.
“Willy Chavarria resonates with our Experience-Memory-Emotion (EME) investment vertical, in that his message and brand are rewriting cultural narratives. We are thrilled to partner with Chalhoub Group and FAE Fashion Ventures on this exciting opportunity,” said Olson.
Poshmark on Tuesday announced the appointment of Elizabeth von der Goltz as its first chief revenue officer, as the resale platform looks to bolster its C-suite and drive organisational growth with the luxury veteran.
Matches Fashion
Joining Poshmark in January, Von der Goltz will oversee all commercial and marketing functions—including merchandising and sourcing, partnerships, customer acquisition and growth, brand and creative, and communications and social media. She will also “unite creative direction with commercial strategy into a cohesive revenue engine,” according to a press release from the U.S. firm.
“Elizabeth’s appointment marks a milestone moment for us,” said Namsun Kim, chief executive officer of Poshmark.
“We’ve always been a product and tech company at heart, but our next phase envisions pairing that DNA with commercial precision, creativity and brand strength. Elizabeth brings the rare combination of luxury fashion, digital retail strategy, and global merchandising and operational expertise. She is truly unique in her vision for channeling merchandising strategy into brand identity and translating brand equity into measurable growth and customer advocacy.”
With more than two decades of global experience in fashion, luxury, and e-commerce, Von der Goltz’s most recent roles include chief commercial officer at Matches Fashion; chief executive officer at Browns, and chief fashion and merchandising officer at Farfetch.
Earlier in her career, Von der Goltz held senior leadership roles at Bergdorf Goodman, before later serving as global buying director for Net-a-Porter.
“Throughout my career—from best-in-class brick-and-mortar to global e-commerce and luxury marketplaces—I’ve always focused on one question: what’s next for the consumer? As the industry evolves, the future is taking shape in social commerce, peer-to-peer connection, and circular fashion, and I’m thrilled to join Poshmark at this pivotal moment,” said Von der Goltz.
“The opportunity to merge world-class product and technology with strategic merchandising and brand creation is incredibly powerful. Resale and vintage have already become a mainstream part of shoppers’ closets and represent a structural shift in retail consumption. It’s an honor to join the leading fashion resale marketplace and its iconic community as chief revenue officer to help shape the next era of how people discover, buy, and sell fashion.”
The appointment of a chief revenue officer at Poshmark signals a shifting from a “purely product- and technology-led model to a more integrated and creative retail experience,” the company added.
With three days to go before a crucial deadline for BHV, Paris City Hall on Tuesday signalled its interest in the department store’s building, intensifying pressure on its boss, who is embroiled in the Shein controversy, as well as employees’ “uncertainty” about their future.
(AFP – Thibaud MORITZ)
“At a time when the situation at BHV is causing very serious concern for jobs and for the future of central Paris, I wanted the city to equip itself to act pre-emptively,” declared Socialist mayor Anne Hidalgo at the Paris Council, which is due to adopt a motion to this effect.
If the owner of BHV were to “vacate the premises”, the city would “explore all options to put itself in a position to acquire the building in order to safeguard commercial activity and jobs, while enabling the development of a mixed-use scheme also including social and affordable housing”, the executive’s motion states.
The Société des Grands Magasins (SGM), which has owned the Bazar de l’Hôtel de Ville (BHV) retail business since 2023, also wants to buy the building from the Galeries Lafayette group, as the two parties are bound by a sale agreement that expires on Friday. However, SGM co-founder Frédéric Merlin caused an uproar in early October by announcing the opening, within BHV, of the first physical Shein store, an Asian ultra-fast-fashion brand accused of numerous ills such as unfair competition, and pollution.
“Investment funds”
The Banque des Territoires, an entity of the Caisse des Dépôts (CDC), has withdrawn from negotiations begun in June with SGM to help it purchase the building, citing “a breakdown of trust.”
Numerous brands including Dior, Sandro, and Guerlain have also left BHV in recent months, due to mounting unpaid bills or opposition to Shein.
All of which further complicates the task of Merlin, who is supposed to have completed his funding round on December 19.
“On that date, exclusivity lapses and we reserve the right to explore all the options open to us,” a Galeries Lafayette spokeswoman told AFP.
Refusing to see its name associated with Shein, the group has also terminated its contract with SGM covering seven provincial stores – rebranded BHV. For its part, SGM says the project is “moving forward” and “should be finalised in the coming days or weeks.”
Appearing before the National Assembly at the end of November, Merlin referred to “extremely precise discussions” with foreign, non-Chinese “investment funds.”
Against this backdrop, Nicolas Bonnet-Oulaldj, the deputy mayor responsible for commerce, told AFP that City Hall was ready to “step in” from Friday.
300 million euros
Given the amount involved – 300 million euros, according to him – the city would not buy on its own but via, for example, a semi-public company with private shareholders, says Bonnet-Oulaldj, who would like to make it “a showcase for brands made in Paris and in France, and for young designers.”
Building housing would require a modification of the PLU (local urban plan), as the plot is “classified as a department store.”
This “announcement adds further uncertainty to the future of BHV”, which directly employs some 750 staff, its inter-union alliance responded, asking “to be received as soon as possible by Paris City Hall.”
“The future of BHV depends not only on the finalisation of the acquisition of the building” but also “on the continuity of commercial operations”, it warned, expressing alarm at the “dire situation” of the store, where Shein sales are “nowhere near making up for the shortfall across the rest of the store.”
Hidalgo’s surprise announcement drew criticism from the right. Aurélien Véron (LR), spokesman for Rachida Dati’s group on the Paris Council, condemned it as an “improvised PR stunt”, three months ahead of the municipal elections.
Recently, Merlin set out his plans in LSA magazine, including a new payment system for suppliers. But “nobody believes it”, scoffed Guillaume Nusse, CEO of Clairefontaine-Rhodia, which pulled out of BHV over “unpaid bills and broken promises,” speaking to AFP.
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In 2025, South Korean fashion takes another step up on the global stage. In a sector where technological innovations are redefining production processes, South Korea stands out for its ability to turn these developments into drivers of growth and global appeal, according to a Spherical Insights study published in November.
South Korean menswear makes its mark internationally, seen here at Pitti Uomo – Pitti Uomo
According to the South Korean Ministry of Trade, Industry and Energy (MOTIE), almost $27 million is set to be invested in 2025 to strengthen the national textile value chain.
This policy forms part of a broader strategy that provides more than $19 billion in support for firms operating in industrial textiles, the creation of an Industrial Textile Alliance, and a certification centre for technical products. The aim is to lift digital transformation across the sector from 35% to 60% and increase South Korea’s share of the global markets for industrial and sustainable textiles from 2-3% to 10% by 2030.
A dynamic domestic market
These ambitions are underpinned by an already robust industry. In 2024, South Korea imported $12.37 billion worth of clothing, including $5.08 billion in menswear. Exports totalled almost $2 billion, of which $1.7 billion comprised synthetic textiles and crocheted fabrics. This momentum reinforces a domestic market characterised by diverse demand, rapid trend adoption and strong cultural influence.
South Korea invests in its textile industry – Shutterstock
At the heart of this evolution lies the global rise of Korean menswear. Korean brands stand out for their attention to detail, mastery of cut and tailoring, and a strong appetite for exploring experimental materials, bold silhouettes and assertive colours. This stylistic approach, oscillating between minimalism and exuberance, meets a growing demand for pieces capable of expressing individual identity, according to the study.
Exports to be developed
The trends for 2025 confirm this direction: oversized cuts, unique patterns, bright colours, sustainable materials, a fusion of traditional and contemporary styles, as well as layering, athleisure and gender-fluid fashion, are at the forefront. From oversized kimono-polos to two-tone pink shirts, the Korean aesthetic offers a balance of comfort, experimentation and sophistication.
Ader Error is one of the young South Korean brands flourishing internationally (here, its collaboration with Zara) – Zara
This creative ecosystem is supported by a myriad of ‘flagship’ brands. Names already recognised worldwide such as Gentle Monster, Andersson Bell, Kusikohc, Hyein Seo and We11done fuel the country’s international aura through their distinct worlds, blending art, streetwear, craftsmanship and conceptual design. In 2025, other labels are taking centre stage: Ader Error and its deconstructivist streetwear, Wooyoungmi and its modern tailoring, ThisIsNeverThat and its distinctly Korean take on streetwear, as well as 87MM, Recto, Amomento, PushButton and Minjukim, whose gender-fluid offerings are gaining visibility.
By combining massive public investment, a capacity for innovation, cultural richness and creative power, South Korea is putting its fashion industry on an upward trajectory in 2025. It can be seen not only as an exporter of aesthetics, but also as a key player in technical and sustainable textiles, with the ambition of playing a central role in contemporary global fashion.