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System opens shop-in-shop at Galeries Lafayette Homme

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January 8, 2026

System is going from strength to strength in Paris. After opening a flagship store in the Marais, on Rue Saintonge, in mid-2024, the South Korean label, which has been presenting its creations at men’s fashion week since 2019, has just inaugurated a large corner space at Galeries Lafayette Haussmann.

The System corner at Galeries Lafayette Homme – System

The brand, launched in 1990 in Seoul, has set up on the second floor of the men’s building, between A.P.C. and Officine Générale. Its offering is showcased in a setting that echoes the design codes of its Marais store, and also features works by the French graffiti artist Tanc, who previously collaborated on the flagship boutique.

System explained in a press release that this opening is the result of several seasons of work, and that the brand “has demonstrated strong commercial performance within Creative Galerie, a carefully curated retail platform dedicated to brands with high growth potential. This success also builds on the excellent results achieved by the System pop-up store at the main Galeries Lafayette store last year.”

According to the brand, the new retail space, in a department store popular with an international clientele, will showcase the creations of its creative director, Hee-Soo Kim, who has held the role since 2023, including his sheer jackets and knit tops embellished with tie details, as well as leather jackets, ruffled blouses and wide-leg trousers.

System

Already stocked by several leading department stores worldwide, System, which offers a co-ed proposition under the “Global Collection” banner, is highly developed in its domestic market, where, as a subsidiary of Handsome Corporation, the brand enjoys broad exposure. Since 2012, the company has been part of the Hyundai conglomerate via its Hyundai Department Store arm, and it also aims to expand in Japan and across Asian markets. It is pursuing a dual approach, highlighting its creativity by presenting its collection on January 22 in Paris as part of men’s fashion week. 

Handsome is a major player in premium and luxury fashion in South Korea, also owning the brand Time, as well as the multi-brand retailer Tom Greyhound (whose Paris store previously occupied the site of the System flagship). The company also acts as a distributor for numerous international brands. It posted revenues of more than 1 billion euros in 2024.

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Elizabeth Scarlett in Valentine’s Day collab with Dalloway Terrace

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January 9, 2026

Thirty-seven days and counting: Elizabeth Scarlett, lifestyle and accessories brand has Valentine’s Day firmly in its sights, announcing a creative partnership with Dalloway Terrace, London’s dining destination at The Bloomsbury.

Elizabeth Scarlett

Bringing together two British brands “united by a shared love of beauty and storytelling”, the collaboration will see Dalloway Terrace transformed into an immersive space “celebrating love, nature and artistry”. It’s a trend we’re seeing more and more often with brands linking up with complementary destinations in a way that benefits both partners.

Inspired by Elizabeth Scarlett’s signature wildflower motifs – the terrace will feature a specially commissioned floral installation, “drawing guests into the brand’s romantic, nature-led world”.

At the heart of the partnership is a limited-edition Afternoon Tea, specially created to celebrate the partnership with a special menu (pastries and sweets inspired by the brand’s signature storytelling).

To mark the event, every guest who books a space on the day will receive a complimentary limited-edition Elizabeth Scarlett love heart stripe pouch (RRP £38), created for the collaboration. Some of the proceeds will also be donated to wildlife conservation.

Elizabeth Petrides, founder of Elizabeth Scarlett said: “We wanted to create a moment where guests can slow down, look closer, and feel immersed in the natural world – even in the heart of the city. From the wildflowers that surround you to the wildlife artwork at the core of our brand, it honours the magic that happens when artistry and nature meet.”

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LVMH Champagne union calls for further strikes

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January 9, 2026

The CGT labour union at LVMH‘s champagne units called for new strike action next Thursday, as it seeks to pressure management to compensate workers for lost bonuses.

The LVMH business includes fashion and refreshments – DR

CGT labour representatives from the Moet&Chandon and ⁠Veuve Clicquot champagne houses said in a video addressed to workers on Friday that they ⁠should drop their tasks for “at least three hours.” The union launched protests last month against a cut in annual bonuses and other ‍benefits ‌at the world’s largest luxury group, even as it keeps
The ⁠group hasn’t yet ‌publicly commented on the labour dispute. LVMH’s ‌Moet Hennessy alcohol division had no immediate comment when contacted by Reuters on Friday.

Management at the unit had offered to pay a one-off 1,000 euros ($1,162.20) payment ‍to workers after it said it would not pay usual annual bonuses amid a decline in sales, ‌said ⁠the ​CGT, an offer “not at the height of our ⁠expectations.”

“It ​is really important to continue to put pressure on the company,” a CGT official said in the ​video message, adding that further talks are planned for Wednesday. So far, no strike action ⁠has been announced at ⁠LVMH’s other drinks businesses, including the Hennessy cognac brand.
 

© Thomson Reuters 2026 All rights reserved.



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Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

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January 9, 2026

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News ⁠reported on Friday, citing people familiar with the matter.

Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026 – REUTERS/Angelina Katsanis

The ⁠owner of New York’s century-old Fifth Avenue flagship store is preparing ‍to ‌file for bankruptcy without a restructuring ⁠deal in ‌place, though it aims ‌to craft one in the coming weeks, according to the report.

The company is also in ‍advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which ‌would ⁠allow ​it to keep its ⁠business ​running during bankruptcy and pay vendor dues, the report added.

Saks ​Global did not immediately respond to a Reuters ⁠request for comment.

© Thomson Reuters 2026 All rights reserved.



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