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
Luxury
The Fashion System Is Creaking. Will It Collapse?
Lately, something has not been feeling quite right in fashion. First Kering, and now LVMH and Chanel, seem to be creeping into crisis management mode.
The Fashion System Is Creaking. Will It Collapse?
Lately, something has not been feeling quite right in fashion. First Kering, and now LVMH and Chanel, seem to be creeping into crisis management mode.
Sustainability
Op-Ed | The Myth of Ethical Luxury
Beneath luxury’s glamorous surface lies a network of supply chains tangled with the same labour abuses as fast fashion. Brands can, and should, do better, argues Caterina Occhio.
Op-Ed | The Myth of Ethical Luxury
Beneath luxury’s glamorous surface lies a network of supply chains tangled with the same labour abuses as fast fashion. Brands can, and should, do better, argues Caterina Occhio.
Sustainability
Op-Ed | Fashion’s Fur Debate Has Never Been a Clean Fight
Last week, Marc Jacobs officially declared his brand fur-free following ‘bullying’ by aggressive activists. But on the other side of the equation, quiet pressure from his brand’s parent company LVMH is largely responsible for keeping fur in fashion, argues the Humane Society’s PJ Smith.
Op-Ed | Fashion’s Fur Debate Has Never Been a Clean Fight
Last week, Marc Jacobs officially declared his brand fur-free following ‘bullying’ by aggressive activists. But on the other side of the equation, quiet pressure from his brand’s parent company LVMH is largely responsible for keeping fur in fashion, argues the Humane Society’s PJ Smith.
Creative Class
Rafael Pavarotti Shoots to Thrill
The boy wonder photographer from Brazil meets his match in Rihanna.
Rafael Pavarotti Shoots to Thrill
The boy wonder photographer from Brazil meets his match in Rihanna.
Luxury
Op-Ed | Is Golden Goose Worth $3 Billion?
As it prepares to go public, the company is wooing investors as a luxury brand, but it looks more like Dr Martens, in that it’s reliant on a signature shoe style that risks falling out of fashion, argues Andrea Felsted.
Op-Ed | Is Golden Goose Worth $3 Billion?
As it prepares to go public, the company is wooing investors as a luxury brand, but it looks more like Dr Martens, in that it’s reliant on a signature shoe style that risks falling out of fashion, argues Andrea Felsted.
Marketing
What Makes a Brand Magical?
The BoF Brand Magic Index is packed with insights for luxury managers, plus Imran Amed decodes the success of Miu Miu and examines how to get Gucci back on track.
What Makes a Brand Magical?
The BoF Brand Magic Index is packed with insights for luxury managers, plus Imran Amed decodes the success of Miu Miu and examines how to get Gucci back on track.
Sustainability
How to Grow a Fashion Brand Without Trashing the Planet
Over the last six years Puma has managed to double its revenue while shrinking its carbon footprint by almost a third. It’s an example more brands need to follow, argues Kenneth P. Pucker.
How to Grow a Fashion Brand Without Trashing the Planet
Over the last six years Puma has managed to double its revenue while shrinking its carbon footprint by almost a third. It’s an example more brands need to follow, argues Kenneth P. Pucker.
Sustainability
Op-Ed | Circular Fashion Needs Government Incentives
Textile-to-textile recycling technologies could be a climate game changer for fashion’s environmental footprint. But like renewable energy, they need state support for market efforts to scale, argues Nicole Rycroft.
Op-Ed | Circular Fashion Needs Government Incentives
Textile-to-textile recycling technologies could be a climate game changer for fashion’s environmental footprint. But like renewable energy, they need state support for market efforts to scale, argues Nicole Rycroft.
Media
Is the Met Gala Worth the Investment?
For dozens of brands, dressing stars for the Met Gala comes at a significant cost. It’s not always clear how they should measure their return on investment, writes Imran Amed.
Is the Met Gala Worth the Investment?
For dozens of brands, dressing stars for the Met Gala comes at a significant cost. It’s not always clear how they should measure their return on investment, writes Imran Amed.
Luxury
Op-Ed | How Long Will the Luxury Myth Last?
Prices are up, quality is down and social media has made it plain for all to see, writes Eugene Rabkin.
Op-Ed | How Long Will the Luxury Myth Last?
Prices are up, quality is down and social media has made it plain for all to see, writes Eugene Rabkin.
Retail
Op-Ed | How Macy’s Can Repel the Barbarians at Its Gate
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
Op-Ed | How Macy’s Can Repel the Barbarians at Its Gate
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
Luxury
Reality Check: Luxury’s Price Hikes Are Unsustainable
Luxury brands need a broader pricing architecture that delivers meaningful value for all customers, writes Imran Amed.
Reality Check: Luxury’s Price Hikes Are Unsustainable
Luxury brands need a broader pricing architecture that delivers meaningful value for all customers, writes Imran Amed.
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.