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.
Havana, Cuba
Fashion Week
Chanel, Vin Diesel Spark Cultural Backlash in Cuba
Artists, writers and intellectuals who believe deeply in Cuba's opening to the world are questioning their government's management of an onslaught of big-money pop culture.
Chanel, Vin Diesel Spark Cultural Backlash in Cuba
Artists, writers and intellectuals who believe deeply in Cuba's opening to the world are questioning their government's management of an onslaught of big-money pop culture.
Global Markets
Havana Hanging in the Balance
Tim Blanks reports from Havana, finding the Kardashians and Kanye West amongst white clad adherents of Santeria in a city on the cusp of a new revolution.
Havana Hanging in the Balance
Tim Blanks reports from Havana, finding the Kardashians and Kanye West amongst white clad adherents of Santeria in a city on the cusp of a new revolution.
Fashion Week
Chanel Cruises into Cuba, a Country on the Cusp
Although the fundamental incongruity of the moment was lost on no one, both Karl Lagerfeld and Fidel Castro share an ability to imagine a world and bring it into being.
Chanel Cruises into Cuba, a Country on the Cusp
Although the fundamental incongruity of the moment was lost on no one, both Karl Lagerfeld and Fidel Castro share an ability to imagine a world and bring it into being.
Fashion Week
Fashion Glitterati Descend on Cuba for Chanel Runway Show
First came US President Barack Obama and the Rolling Stones. Now global fashion's glitterati including supermodel Gisele Bundchen have descended upon Cuba for Chanel's runway show extravaganza.
Fashion Glitterati Descend on Cuba for Chanel Runway Show
First came US President Barack Obama and the Rolling Stones. Now global fashion's glitterati including supermodel Gisele Bundchen have descended upon Cuba for Chanel's runway show extravaganza.
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Financial Markets
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
News & Analysis
Unilever Returns to Cuba in Joint Venture with State
Global consumer products company Unilever Plc. will return to Cuba after a several-year absence, agreeing on Monday to build a $35 million soap and toothpaste factory in Cuba's special development zone at the port of Mariel west of Havana.
Unilever Returns to Cuba in Joint Venture with State
Global consumer products company Unilever Plc. will return to Cuba after a several-year absence, agreeing on Monday to build a $35 million soap and toothpaste factory in Cuba's special development zone at the port of Mariel west of Havana.
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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.