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.
Helsinki, Finland
News & Analysis
Why the Fur Industry Is Betting on Influencers
Global fur sales fell to $33 billion last year, down from $40 billion in 2015. Now, Saga Furs, which provides fur for numerous high fashion houses, is turning to influencers like Bryanboy to turn the tide.
Why the Fur Industry Is Betting on Influencers
Global fur sales fell to $33 billion last year, down from $40 billion in 2015. Now, Saga Furs, which provides fur for numerous high fashion houses, is turning to influencers like Bryanboy to turn the tide.
Sustainability
EU Proposes Ban on Deliberately Added Micro-Plastics to Combat Pollution
The tiny bits of plastic end up in waterways and oceans, giving rise to increasing concern about their effect on marine ecosystems.
EU Proposes Ban on Deliberately Added Micro-Plastics to Combat Pollution
The tiny bits of plastic end up in waterways and oceans, giving rise to increasing concern about their effect on marine ecosystems.
Retail
Finnish Retailer Stockmann Announces Abrupt Departure of CEO in midst of Restructuring
Loss-making Finnish retailer Stockmann announced the surprise departure of its chief executive on Monday, raising questions over the company's ongoing restructuring.
Finnish Retailer Stockmann Announces Abrupt Departure of CEO in midst of Restructuring
Loss-making Finnish retailer Stockmann announced the surprise departure of its chief executive on Monday, raising questions over the company's ongoing restructuring.
Sustainability
Op-Ed | Welcome Fur with High Standards
The fur debate doesn’t have to be black and white with no middle ground. Designers and consumers have every right to use and buy fur, argues Jan Erik Carlson of Saga Furs.
Op-Ed | Welcome Fur with High Standards
The fur debate doesn’t have to be black and white with no middle ground. Designers and consumers have every right to use and buy fur, argues Jan Erik Carlson of Saga Furs.
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Technology
Content Monetisation Start-up Kiosked Gets $6.9M in Fresh Funding
Finnish content monetisation start-up Kiosked, which makes it easier for people to buy products that appear in online images or video clips, and whose clients include Nike, has raised $6.9 million in new funding.
Content Monetisation Start-up Kiosked Gets $6.9M in Fresh Funding
Finnish content monetisation start-up Kiosked, which makes it easier for people to buy products that appear in online images or video clips, and whose clients include Nike, has raised $6.9 million in new funding.
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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.