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.
Brisbane, Australia
Global Markets
Luxury’s New Australian Boomtown: Brisbane
With tourism thriving, millionaire numbers climbing and the Olympics on the horizon, brands are turning their attention to the Queensland capital as major retail developments get underway.
Luxury’s New Australian Boomtown: Brisbane
With tourism thriving, millionaire numbers climbing and the Olympics on the horizon, brands are turning their attention to the Queensland capital as major retail developments get underway.
Retail
Op-Ed | Disrupting the Mall
The traditional mall has reached its use-by date and must evolve beyond retail to survive, argues QIC Global Real Estate's Stuart Miller.
Op-Ed | Disrupting the Mall
The traditional mall has reached its use-by date and must evolve beyond retail to survive, argues QIC Global Real Estate's Stuart Miller.
News & Analysis
Black Milk, 'Sharkies' and the Rise of a Fashion Fandom
BRISBANE, Australia — Fandoms are communities that take root and grow around cultish aspects of pop culture. Think Potterheads (fans of Harry
Black Milk, 'Sharkies' and the Rise of a Fashion Fandom
BRISBANE, Australia — Fandoms are communities that take root and grow around cultish aspects of pop culture. Think Potterheads (fans of Harry
ADVERTISEMENT
ADVERTISEMENT
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.