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.
Munich, Germany
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Luxury
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
Financial Markets
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Luxury
Report: Mytheresa Prepares for US IPO
The German e-commerce company plans to seek a valuation of about $1 billion to $1.5 billion, which could change based on holiday period performance, according to people familiar with the matter.
Report: Mytheresa Prepares for US IPO
The German e-commerce company plans to seek a valuation of about $1 billion to $1.5 billion, which could change based on holiday period performance, according to people familiar with the matter.
ADVERTISEMENT
Luxury
Report: MyTheresa to List on New York Stock Exchange
The luxury e-commerce platform's owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, according to people familiar with the matter.
Report: MyTheresa to List on New York Stock Exchange
The luxury e-commerce platform's owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, according to people familiar with the matter.
Retail
Can Mytheresa Bring Its Winning Streak to Menswear?
The German e-tailer has grown into a profitable $400 million business. Now, it’s hoping to crack the $32 billion menswear market.
Can Mytheresa Bring Its Winning Streak to Menswear?
The German e-tailer has grown into a profitable $400 million business. Now, it’s hoping to crack the $32 billion menswear market.
News & Analysis
Mytheresa Launches Kids
The Neiman Marcus-owned e-tailer is kicking off children’s clothing sales with 35 brands, including capsule collections from Gucci and Dolce & Gabbana.
Mytheresa Launches Kids
The Neiman Marcus-owned e-tailer is kicking off children’s clothing sales with 35 brands, including capsule collections from Gucci and Dolce & Gabbana.
News & Analysis
Rebooting Escada for a New Era
Tim Blanks gets a first look inside the reinvention of the former colossus ahead of its New York Fashion Week debut, designed by Niall Sloan and brought to life by a dream team of Pat McGrath, Guido Palau, Jacob K, Frederic Sanchez and Stefan Beckman.
Rebooting Escada for a New Era
Tim Blanks gets a first look inside the reinvention of the former colossus ahead of its New York Fashion Week debut, designed by Niall Sloan and brought to life by a dream team of Pat McGrath, Guido Palau, Jacob K, Frederic Sanchez and Stefan Beckman.
ADVERTISEMENT
News & Analysis
How Philipp Plein Made Bad Taste Big Business
The German designer’s over-the-top aesthetic has passionate devotees, but some are starting to say it’s too much.
How Philipp Plein Made Bad Taste Big Business
The German designer’s over-the-top aesthetic has passionate devotees, but some are starting to say it’s too much.
News & Analysis
MyTheresa Launches Print Magazine
Titled ‘The Album,’ the inaugural issue stars Gia Coppola on the cover, and features interviews with Natacha Ramsay-Levi , Dries van Noten and Kym Ellery.
MyTheresa Launches Print Magazine
Titled ‘The Album,’ the inaugural issue stars Gia Coppola on the cover, and features interviews with Natacha Ramsay-Levi , Dries van Noten and Kym Ellery.
Luxury
MyTheresa Founders Are Back With New Venture Martha Louisa
Munich’s Susanne and Christoph Botschen are betting on a new multi-brand footwear e-commerce venture. Can retail success strike twice?
MyTheresa Founders Are Back With New Venture Martha Louisa
Munich’s Susanne and Christoph Botschen are betting on a new multi-brand footwear e-commerce venture. Can retail success strike twice?
News & Analysis
Hemmerle, a Jeweller’s Jeweller
In a slow luxury jewellery market, a German company with no traditional sales channels has attracted attention for its unique strategy.
Hemmerle, a Jeweller’s Jeweller
In a slow luxury jewellery market, a German company with no traditional sales channels has attracted attention for its unique strategy.
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.