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.
Canada
Beauty
Ontario Court Hands $548K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
Ontario Court Hands $548K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
News & Analysis
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
The move is the latest in an escalating the trade conflict between the two countries.
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
The move is the latest in an escalating the trade conflict between the two countries.
Retail
Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War Woes
The threat of new US tariffs has forced Montreal-based clothing maker SRTX to place over a third of its workforce on leave, as rising duties and trade uncertainties jeopardise its Canadian manufacturing investments.
Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War Woes
The threat of new US tariffs has forced Montreal-based clothing maker SRTX to place over a third of its workforce on leave, as rising duties and trade uncertainties jeopardise its Canadian manufacturing investments.
Luxury
Louis Vuitton and Gucci to Open First Montreal Flagships
Royalmount, a forthcoming development in Montréal’s Midtown district, has also leased flagship spaces to Tiffany and RH.
Louis Vuitton and Gucci to Open First Montreal Flagships
Royalmount, a forthcoming development in Montréal’s Midtown district, has also leased flagship spaces to Tiffany and RH.
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Luxury
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
Workplace & Talent
Former Tapestry CEO Victor Luis Invests in Moose Knuckles
Luis will become executive chairman after making a “significant investment,” the Canadian luxury outerwear and sportswear brand said Wednesday. The financial details of the deal were not disclosed.
Former Tapestry CEO Victor Luis Invests in Moose Knuckles
Luis will become executive chairman after making a “significant investment,” the Canadian luxury outerwear and sportswear brand said Wednesday. The financial details of the deal were not disclosed.
News & Analysis
Amazon Ordered to Close Canadian Facility on Covid-19 Outbreak
Amazon.com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising Covid-19 cases inside the complex.
Amazon Ordered to Close Canadian Facility on Covid-19 Outbreak
Amazon.com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising Covid-19 cases inside the complex.
Workplace & Talent
Aldo Group: In the Company of Kindness
On a trip to the Canadian city of Montréal, Aldo Bensadoun found himself fascinated by the city and its progressive, free spirited culture. The
Aldo Group: In the Company of Kindness
On a trip to the Canadian city of Montréal, Aldo Bensadoun found himself fascinated by the city and its progressive, free spirited culture. The
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Technology
Shopify Posts Better-Than-Expected Q3 Results
Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents.
Shopify Posts Better-Than-Expected Q3 Results
Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents.
Technology
At Tulip, Analysing Omnichannel Data to Transform the Shopping Experience
The mobile retail technology solutions firm digitises the in-person retail experience, enabling data to be shared across a business, creating insights that equip retailers with the tools to respond to evolving consumer behaviours.
At Tulip, Analysing Omnichannel Data to Transform the Shopping Experience
The mobile retail technology solutions firm digitises the in-person retail experience, enabling data to be shared across a business, creating insights that equip retailers with the tools to respond to evolving consumer behaviours.
Retail
Lululemon Defies Brick-and-Mortar Woes in Plan To Add Stores
The sportswear company said its stores are small, profitable and serve as an anchor for the brand’s loyal customers.
Lululemon Defies Brick-and-Mortar Woes in Plan To Add Stores
The sportswear company said its stores are small, profitable and serve as an anchor for the brand’s loyal customers.
Retail
Bolstered by Lockdown Measures, Lululemon Beats Earnings Estimates
A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.
Bolstered by Lockdown Measures, Lululemon Beats Earnings Estimates
A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.
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.