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.
Seoul, China
Retail
South Korea's Lotte Reports Store Closures in China Amid Political Stand-Off
The Lotte closures are the latest in a series of incidents affecting South Korean companies in China after cyber attacks and a ban on sales of travel tours to South Korea.
South Korea's Lotte Reports Store Closures in China Amid Political Stand-Off
The Lotte closures are the latest in a series of incidents affecting South Korean companies in China after cyber attacks and a ban on sales of travel tours to South Korea.
China
Will China Burst the K-Pop Bubble?
As tensions between the two countries soar, China is cracking down on the influx of K-pop culture. What could that mean for the global fashion industry?
Will China Burst the K-Pop Bubble?
As tensions between the two countries soar, China is cracking down on the influx of K-pop culture. What could that mean for the global fashion industry?
Global Markets
South Korean Consumer Shares Tumble as China Relations Cool
South Korean consumer shares, 2015’s stock-market darlings as tourists from China flocked to Seoul department stores, are now among the nation’s worst performers this year as a missile spat cools relations between the neighbours.
South Korean Consumer Shares Tumble as China Relations Cool
South Korean consumer shares, 2015’s stock-market darlings as tourists from China flocked to Seoul department stores, are now among the nation’s worst performers this year as a missile spat cools relations between the neighbours.
Global Markets
The Digital Asia Effect
The worlds of fashion and entertainment are getting even more tangled as a new gang of digitally-enabled front row fixtures from Korea, Japan and China redefine cool and how it is sold to a global audience.
The Digital Asia Effect
The worlds of fashion and entertainment are getting even more tangled as a new gang of digitally-enabled front row fixtures from Korea, Japan and China redefine cool and how it is sold to a global audience.
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.