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.
Brazil
Sustainability
Shein Tried to Turn Brazil Into a Production Hub. Local Factories Walked Away
Progress stalled after Shein demanded that local suppliers lower prices and deliver orders faster than they could manage, Reuters reported.
Shein Tried to Turn Brazil Into a Production Hub. Local Factories Walked Away
Progress stalled after Shein demanded that local suppliers lower prices and deliver orders faster than they could manage, Reuters reported.
Luxury
Comme des Garçons Opens First Latin American Flagship
The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion.
Comme des Garçons Opens First Latin American Flagship
The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion.
Global Markets
How Fashion Can Engage With the Global Culture, the Right Way
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
How Fashion Can Engage With the Global Culture, the Right Way
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
Retail
Shein to Invest Nearly $150 Million in Local Production in Brazil
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network with thousands of textile manufacturers in the country.
Shein to Invest Nearly $150 Million in Local Production in Brazil
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network with thousands of textile manufacturers in the country.
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Beauty
Beauty Giant Natura Shelves NYSE Move as Turmoil Rattles Markets
Cosmetics maker Natura & Co. shelved a plan to switch its primary stock listing to the US from Brazil, as the war in Ukraine and the prospect of surging rates bring wild swings in global equity markets.
Beauty Giant Natura Shelves NYSE Move as Turmoil Rattles Markets
Cosmetics maker Natura & Co. shelved a plan to switch its primary stock listing to the US from Brazil, as the war in Ukraine and the prospect of surging rates bring wild swings in global equity markets.
Global Markets
Inside Brazil’s Radical Retail Giant
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
Inside Brazil’s Radical Retail Giant
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
Global Markets
Brazilian Fashion Industry Gathers to Plot Post-Pandemic Recovery
The Brazilian Textile and Apparel Industry Association (ABIT) closed its 5th International Congress Friday, with this edition focused on “Transition
Brazilian Fashion Industry Gathers to Plot Post-Pandemic Recovery
The Brazilian Textile and Apparel Industry Association (ABIT) closed its 5th International Congress Friday, with this edition focused on “Transition
Global Markets
Brazilian Mall Giant Iguatemi Names Cristina Betts CEO
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
Brazilian Mall Giant Iguatemi Names Cristina Betts CEO
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
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Global Markets
Retailer Cencosud Brazil Files for IPO, Eyes Expansion
One of the largest retailers in South America, Santiago-based Cencosud, has filed for an initial public offering (IPO) on the Brazilian stock exchange for its Brazilian operations, aiming to raise around 1.5 billion reais ($288 million).
Retailer Cencosud Brazil Files for IPO, Eyes Expansion
One of the largest retailers in South America, Santiago-based Cencosud, has filed for an initial public offering (IPO) on the Brazilian stock exchange for its Brazilian operations, aiming to raise around 1.5 billion reais ($288 million).
Beauty
Avon, E-Commerce Bring Natura Back to Profit
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
Avon, E-Commerce Bring Natura Back to Profit
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
Global Markets
Online Outlet Privalia Brazil Restarts IPO Plan
After postponing its IPO at the end of April, digital outlet Privalia announced it may resume its plan to go public, this time via a restricted offering on the B3 exchange in São Paulo.
Online Outlet Privalia Brazil Restarts IPO Plan
After postponing its IPO at the end of April, digital outlet Privalia announced it may resume its plan to go public, this time via a restricted offering on the B3 exchange in São Paulo.
Global Markets
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
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.