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.
Cairo, Egypt
Luxury
Hilton to Enter Cruise Business with Waldorf Astoria Nile Ship
The hotel group’s Waldorf Astoria Nile River Experience, set to launch in late 2026, follows similar moves by Ritz-Carlton, Four Seasons, Orient Express and Aman.
Hilton to Enter Cruise Business with Waldorf Astoria Nile Ship
The hotel group’s Waldorf Astoria Nile River Experience, set to launch in late 2026, follows similar moves by Ritz-Carlton, Four Seasons, Orient Express and Aman.
News & Analysis
Africa's E-Commerce Giant Jumia Sets Sights on Egypt
Jumia Egypt’s Chief Executive Officer Hesham Safwat says he’s urging the government to regulate informal retailers by offering them tax incentives and cheap loans that would allow them to market their goods online.
Africa's E-Commerce Giant Jumia Sets Sights on Egypt
Jumia Egypt’s Chief Executive Officer Hesham Safwat says he’s urging the government to regulate informal retailers by offering them tax incentives and cheap loans that would allow them to market their goods online.
News & Analysis
Armani's Egyptian Supplier Mulls US Foray on Weaker Pound
Arafa Holding, the Egyptian maker of clothes for global brands such as Giorgio Armani and Massimo Dutti, plans to expand sales to the US as it aims to “aggressively” target the middle-income segments.
Armani's Egyptian Supplier Mulls US Foray on Weaker Pound
Arafa Holding, the Egyptian maker of clothes for global brands such as Giorgio Armani and Massimo Dutti, plans to expand sales to the US as it aims to “aggressively” target the middle-income segments.
News & Analysis
Egypt's Famous Cotton Crop Dwindles
Farmers in Egypt are abandoning cotton and are switching to grains as the country wrestles with one of the biggest budget deficits in the Middle East.
Egypt's Famous Cotton Crop Dwindles
Farmers in Egypt are abandoning cotton and are switching to grains as the country wrestles with one of the biggest budget deficits in the Middle East.
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Global Markets
All Eyes on Egypt
With Egypt now stabilising, can this titan of the Middle East reclaim its style credentials and become a lucrative fashion market once again?
All Eyes on Egypt
With Egypt now stabilising, can this titan of the Middle East reclaim its style credentials and become a lucrative fashion market once again?
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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.