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.
Chengdu, China
Retail
Chengdu, China’s Next Fashion Powerhouse
In hot pursuit of China’s elite league, one city is sprinting ahead of its second-tier rivals, hoping to join the ranks of Shanghai, Beijing, Guangzhou and Shenzhen.
Chengdu, China’s Next Fashion Powerhouse
In hot pursuit of China’s elite league, one city is sprinting ahead of its second-tier rivals, hoping to join the ranks of Shanghai, Beijing, Guangzhou and Shenzhen.
China
The China Edit | Asian Designers, Second-Tier Cities, Shangpin's New Model, E-Commerce Booms
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Asian Designers, Second-Tier Cities, Shangpin's New Model, E-Commerce Booms
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
Luxury in Chengdu, Tory Burch sets stage for IPO, Unstable spending, Nordstrom's alias, Andrej Pejic's story
Chasing Luxury Dreams – A Tale from Chengdu (Forbes) "It's one thing that the Chinese government spearheads infrastructure projects such as massive
Luxury in Chengdu, Tory Burch sets stage for IPO, Unstable spending, Nordstrom's alias, Andrej Pejic's story
Chasing Luxury Dreams – A Tale from Chengdu (Forbes) "It's one thing that the Chinese government spearheads infrastructure projects such as massive
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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.