De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Opinions
Retail
What Makes a True Community Brand?
Few words are more overused in fashion, but the ones who do it right foster genuine customer loyalty and extraordinarily high levels of engagement, writes Imran Amed.
What Makes a True Community Brand?
Few words are more overused in fashion, but the ones who do it right foster genuine customer loyalty and extraordinarily high levels of engagement, writes Imran Amed.
Luxury
What’s Behind the Art Market Malaise?
The fine art sector is facing existential challenges that go far beyond the current market turbulence, argues Marc Spiegler.
What’s Behind the Art Market Malaise?
The fine art sector is facing existential challenges that go far beyond the current market turbulence, argues Marc Spiegler.
Sustainability
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion
Some have hailed America’s escalating trade war as a means to finally curb overconsumption of cheap goods. Instead, the economic hardship its likely to bring on will eviscerate efforts to transform the industry for the better, writes Kenneth P. Pucker.
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion
Some have hailed America’s escalating trade war as a means to finally curb overconsumption of cheap goods. Instead, the economic hardship its likely to bring on will eviscerate efforts to transform the industry for the better, writes Kenneth P. Pucker.
Retail
Op-Ed | Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix
Collapsing margins and surging inventory costs are more than a crisis: they’re an opportunity to rebuild our broken fashion system, argues Lawrence Lenihan.
Op-Ed | Fashion’s Reset: What Tariffs Are Forcing Us to Finally Fix
Collapsing margins and surging inventory costs are more than a crisis: they’re an opportunity to rebuild our broken fashion system, argues Lawrence Lenihan.
Retail
How Private Equity Failed North America’s Oldest Retailer
Hudson’s Bay is the latest victim of a strategy that involves loads struggling retailers up with debt and cutting costs to the bone, with predictable results, argues Doug Stephens.
How Private Equity Failed North America’s Oldest Retailer
Hudson’s Bay is the latest victim of a strategy that involves loads struggling retailers up with debt and cutting costs to the bone, with predictable results, argues Doug Stephens.
News & Analysis
Fashion Is ‘Tarrif-ied’ of Trump
There’s no escaping the import duties, which were far more wide ranging and severe than anticipated. After the initial panic subsides, the hard work of adapting to the new regime begins, writes Imran Amed.
Fashion Is ‘Tarrif-ied’ of Trump
There’s no escaping the import duties, which were far more wide ranging and severe than anticipated. After the initial panic subsides, the hard work of adapting to the new regime begins, writes Imran Amed.
Global Markets
For Canadians, Trump’s ‘51st State’ Talk Is No Joke
Tariffs and talk of territorial conquest won’t stop with America’s northern neighbour. The fashion industry should be watching how Canada pushes back, and think about how they might respond should Trump’s attention turn to them, writes Imran Amed.
For Canadians, Trump’s ‘51st State’ Talk Is No Joke
Tariffs and talk of territorial conquest won’t stop with America’s northern neighbour. The fashion industry should be watching how Canada pushes back, and think about how they might respond should Trump’s attention turn to them, writes Imran Amed.
Luxury
Did Fashion Learn Anything from Covid?
Many in the industry vowed early in the pandemic to slow down, reduce waste and implement change. Somehow, we wound up right back where we started, writes Imran Amed.
Did Fashion Learn Anything from Covid?
Many in the industry vowed early in the pandemic to slow down, reduce waste and implement change. Somehow, we wound up right back where we started, writes Imran Amed.
Luxury
How Agents Are Reshaping the Art World
The sector is adopting a model that’s common in other talent-driven industries as more established artists expand into everything from fashion collaborations to films. Plus, James Bond under Amazon and the ‘auto-destruction of architecture.’
How Agents Are Reshaping the Art World
The sector is adopting a model that’s common in other talent-driven industries as more established artists expand into everything from fashion collaborations to films. Plus, James Bond under Amazon and the ‘auto-destruction of architecture.’
Luxury
A Restless, Radical Mind: How Jonathan Anderson Transfigured Loewe
Anderson is exiting the LVMH owned house, ending a decade-plus tenure that enhanced the role of the designer, fusing creation and curation into one thought-provoking, aesthetically challenging, entrepreneurial package, writes Tim Blanks.
A Restless, Radical Mind: How Jonathan Anderson Transfigured Loewe
Anderson is exiting the LVMH owned house, ending a decade-plus tenure that enhanced the role of the designer, fusing creation and curation into one thought-provoking, aesthetically challenging, entrepreneurial package, writes Tim Blanks.
Luxury
Will Gucci’s Demna Strategy Work?
The financial markets and fashion fans on social media have rejected Kering’s bet on the zeitgeist-shaping Balenciaga designer to revive its ailing flagship. BoF’s Imran Amed has a different view.
Will Gucci’s Demna Strategy Work?
The financial markets and fashion fans on social media have rejected Kering’s bet on the zeitgeist-shaping Balenciaga designer to revive its ailing flagship. BoF’s Imran Amed has a different view.
Luxury
Risky Business: Should Prada Buy Versace?
Turning around the Italian icon will be a significant challenge for Prada Group and could distract top managers from scaling its core brands, but the gamble may be worth it if the price is right.
Risky Business: Should Prada Buy Versace?
Turning around the Italian icon will be a significant challenge for Prada Group and could distract top managers from scaling its core brands, but the gamble may be worth it if the price is right.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.