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.
Solomeo, Italy
Luxury
Cucinelli Plans Store Expansions
Even as other luxury brands hesitate to predict business trends amid the uncertainties of the pandemic, Cucinelli is sticking with its 10-year growth projections for 2019-2028, with sales seen doubling in the period.
Cucinelli Plans Store Expansions
Even as other luxury brands hesitate to predict business trends amid the uncertainties of the pandemic, Cucinelli is sticking with its 10-year growth projections for 2019-2028, with sales seen doubling in the period.
Luxury
Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend
First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million).
Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend
First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million).
News & Analysis
Brunello Cucinelli Insists on Balance at His Business
Brunello Cucinelli — whose cashmere sweaters can sell for $3,000 or more — is crafting a gentler life for his employees in the village of Solomeo.
Brunello Cucinelli Insists on Balance at His Business
Brunello Cucinelli — whose cashmere sweaters can sell for $3,000 or more — is crafting a gentler life for his employees in the village of Solomeo.
News & Analysis
CEO Talk | Brunello Cucinelli, Founder and Chief Executive, Brunello Cucinelli
In our latest CEO Talk, BoF sits down with Brunello Cucinelli to discuss the unique business philosophy behind his cashmere and luxury lifestyle business, which generated $444 million in revenue in 2013.
CEO Talk | Brunello Cucinelli, Founder and Chief Executive, Brunello Cucinelli
In our latest CEO Talk, BoF sits down with Brunello Cucinelli to discuss the unique business philosophy behind his cashmere and luxury lifestyle business, which generated $444 million in revenue in 2013.
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News & Analysis
Cucinelli Sees Rosy 2014 Amid Strong Demand for Exclusivity
SOLOMEO, Italy — Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive
Cucinelli Sees Rosy 2014 Amid Strong Demand for Exclusivity
SOLOMEO, Italy — Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive
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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.