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.
Chile
News & Analysis
Walmart Chile to Resume Talks With Union Amid Strike
After worker strikes closed a fourth of 400 stores, the American retail corporation has announced it will resume talks with the union.
Walmart Chile to Resume Talks With Union Amid Strike
After worker strikes closed a fourth of 400 stores, the American retail corporation has announced it will resume talks with the union.
Retail
Walmart Workers Rebel Against Retailer’s Automation Push in Chile
About 17,000 Walmart workers in Chile went on an indefinite strike on Wednesday after labour talks between the company and the union failed.
Walmart Workers Rebel Against Retailer’s Automation Push in Chile
About 17,000 Walmart workers in Chile went on an indefinite strike on Wednesday after labour talks between the company and the union failed.
Retail
Chile Consumer Demand in Trouble as November Retail Sales Drop
The fall undercuts hopes that consumer demand would strengthen on the back of a better jobs market.
Chile Consumer Demand in Trouble as November Retail Sales Drop
The fall undercuts hopes that consumer demand would strengthen on the back of a better jobs market.
Retail
Walmart Announces Plan to Invest $800 Million in Chile
As part of the plan, the retail and supermarket chain will also remodel over 50 stores, add more than 5,000 jobs, and further develop a large distribution centre near the capital city of Santiago.
Walmart Announces Plan to Invest $800 Million in Chile
As part of the plan, the retail and supermarket chain will also remodel over 50 stores, add more than 5,000 jobs, and further develop a large distribution centre near the capital city of Santiago.
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Global Markets
Chile, Punching Above its Weight
In the next instalment of Market GPS, BoF examines Chile, a sliver of a country just a couple of hundred miles wide that's dwarfed by its Latin American neighbours, but rich with opportunity, thanks to a stable democracy, steady economic growth and a sophisticated retail infrastructure.
Chile, Punching Above its Weight
In the next instalment of Market GPS, BoF examines Chile, a sliver of a country just a couple of hundred miles wide that's dwarfed by its Latin American neighbours, but rich with opportunity, thanks to a stable democracy, steady economic growth and a sophisticated retail infrastructure.
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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.