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.
Beirut, Lebanon
Retail
Are Online Marketplaces the New Department Stores?
Brands are increasingly turning to platforms, from Farfetch to new entrants like Behold and The Yes, for the exposure multi-brand retailers used to provide.
Are Online Marketplaces the New Department Stores?
Brands are increasingly turning to platforms, from Farfetch to new entrants like Behold and The Yes, for the exposure multi-brand retailers used to provide.
Global Markets
The BoF Podcast: Rebuilding Lebanon’s Fashion Industry
Elie Saab Jr, chief executive of Elie Saab Group, and Lebanese designers Roni Helou and Amine Jreissati speak about the urgent need for global solidarity in the face of crisis.
The BoF Podcast: Rebuilding Lebanon’s Fashion Industry
Elie Saab Jr, chief executive of Elie Saab Group, and Lebanese designers Roni Helou and Amine Jreissati speak about the urgent need for global solidarity in the face of crisis.
Global Markets
'We Must Go On,' Says Lebanese Designer Elie Saab After Blast
The explosion badly damaged the designer's main office and headquarters, and devastated his home.
'We Must Go On,' Says Lebanese Designer Elie Saab After Blast
The explosion badly damaged the designer's main office and headquarters, and devastated his home.
Global Markets
Lebanon’s Fashion Industry Hit by Triple Crisis
An explosion that rocked Beirut this week damaged or destroyed the headquarters of internationally renowned couturiers like Elie Saab, Zuhair Murad and Rabih Kayrouz and came at a time when Lebanon was already facing economic collapse and the coronavirus.
Lebanon’s Fashion Industry Hit by Triple Crisis
An explosion that rocked Beirut this week damaged or destroyed the headquarters of internationally renowned couturiers like Elie Saab, Zuhair Murad and Rabih Kayrouz and came at a time when Lebanon was already facing economic collapse and the coronavirus.
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Global Markets
Can Beirut Steal Some of Dubai’s Thunder?
Lebanon’s capital can’t compete in terms of scale, but a fearless new Beirut fashion school founded by Elie Saab proves there is more to play for in the Middle East than meets the eye.
Can Beirut Steal Some of Dubai’s Thunder?
Lebanon’s capital can’t compete in terms of scale, but a fearless new Beirut fashion school founded by Elie Saab proves there is more to play for in the Middle East than meets the eye.
Global Markets
In Beirut, Sarah’s Bag Balances Style and Social Good
In battle-scarred Beirut, Sarah Beydoun of Sarah’s Bag has built an international accessories business built on unique bags handmade by former prostitutes and prisoners by putting her story second and fashion first.
In Beirut, Sarah’s Bag Balances Style and Social Good
In battle-scarred Beirut, Sarah Beydoun of Sarah’s Bag has built an international accessories business built on unique bags handmade by former prostitutes and prisoners by putting her story second and fashion first.
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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.