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.
Mexico
Beauty
Ulta Beauty CEO Details Mexico Store Locations, Brands
The retailer announced that it will open locations in Guadalajara, León, Tijuana and Monterrey with over 300 brands. 35 of those names, including Half Magic, Snif and a host of K-beauty brands, will be new to the market.
Ulta Beauty CEO Details Mexico Store Locations, Brands
The retailer announced that it will open locations in Guadalajara, León, Tijuana and Monterrey with over 300 brands. 35 of those names, including Half Magic, Snif and a host of K-beauty brands, will be new to the market.
Retail
Adidas Visits Indigenous Mexican Town to Apologise for Sandal Design
Following backlash received over the brand’s collaboration with Willy Chavarria, Adidas executives travelled to Mexico to apologise for a sandal-inspired shoe design that the Mexican government criticised as cultural appropriation.
Adidas Visits Indigenous Mexican Town to Apologise for Sandal Design
Following backlash received over the brand’s collaboration with Willy Chavarria, Adidas executives travelled to Mexico to apologise for a sandal-inspired shoe design that the Mexican government criticised as cultural appropriation.
Retail
Mexico Wants Adidas to Pay Up After Indigenous-Inspired Collaboration with Willy Chavarria
Mexico is pursuing possible legal action against Adidas after Chavarria released the 'Oaxaca Slip On,' which allegedly copies the traditional, Indigenous huarache sandal without credit or benefit to local artisans.
Mexico Wants Adidas to Pay Up After Indigenous-Inspired Collaboration with Willy Chavarria
Mexico is pursuing possible legal action against Adidas after Chavarria released the 'Oaxaca Slip On,' which allegedly copies the traditional, Indigenous huarache sandal without credit or benefit to local artisans.
Luxury
Dior’s ‘Global Atelier’ Turns to Mexico
On Saturday, Dior landed in a rainy Mexico City to stage its latest destination show at Colegio San Ildefonso, a former Jesuit seminary turned canvas for Mexico’s great 20th-century muralists.
Dior’s ‘Global Atelier’ Turns to Mexico
On Saturday, Dior landed in a rainy Mexico City to stage its latest destination show at Colegio San Ildefonso, a former Jesuit seminary turned canvas for Mexico’s great 20th-century muralists.
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Global Markets
Sephora Eyes Mexican Expansion
The cosmetics giant will allocate an investment of more than 150 million Mexican pesos ($7.5 million) to open five new stores in the country by 2022 and boost its e-commerce operations.
Sephora Eyes Mexican Expansion
The cosmetics giant will allocate an investment of more than 150 million Mexican pesos ($7.5 million) to open five new stores in the country by 2022 and boost its e-commerce operations.
Global Markets
Online Battle Heats Up in Latin America
Despite social unrest and a sluggish economy, Latin America’s fashion e-commerce sector is forecast to grow by more than 20 percent each year from 2019 to 2021. Here’s how to get in on the action.
Online Battle Heats Up in Latin America
Despite social unrest and a sluggish economy, Latin America’s fashion e-commerce sector is forecast to grow by more than 20 percent each year from 2019 to 2021. Here’s how to get in on the action.
Media
Vogue Mexico Cover Spotlights Transgender 'Muxe' Women
A culture of indigenous transgender women that has been part of southern Mexico's heritage for centuries is highlighted in the latest issue.
Vogue Mexico Cover Spotlights Transgender 'Muxe' Women
A culture of indigenous transgender women that has been part of southern Mexico's heritage for centuries is highlighted in the latest issue.
Luxury
Mexico Calls out Louis Vuitton for Using Traditional Pattern
In June, the Mexican government also questioned Carolina Herrera for 'cultural appropriation' of indigenous patterns.
Mexico Calls out Louis Vuitton for Using Traditional Pattern
In June, the Mexican government also questioned Carolina Herrera for 'cultural appropriation' of indigenous patterns.
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News & Analysis
Amazon Launches First Debit Card in Mexico
As part of its e-commerce push, the e-commerce giant has launched its first-ever debit card in Mexico.
Amazon Launches First Debit Card in Mexico
As part of its e-commerce push, the e-commerce giant has launched its first-ever debit card in Mexico.
Global Markets
The Growing Power of Latin Fashion Media
Latin America boasts a colourful deck of beloved, local magazines that continue to persuade loyal readers to buy fashion and luxury, despite turbulent times for print media.
The Growing Power of Latin Fashion Media
Latin America boasts a colourful deck of beloved, local magazines that continue to persuade loyal readers to buy fashion and luxury, despite turbulent times for print media.
News & Analysis
Amazon Becomes Mexico's Top Online Retailer in 2017, Says Report
According to a Euromonitor International report, the e-commerce giant likely doubled its sales to become the biggest internet retailer in Mexico this year, helping to grow the country's nascent e-commerce market by a third,
Amazon Becomes Mexico's Top Online Retailer in 2017, Says Report
According to a Euromonitor International report, the e-commerce giant likely doubled its sales to become the biggest internet retailer in Mexico this year, helping to grow the country's nascent e-commerce market by a third,
Global Markets
Amazon's Arrival Leaves Mexican E-Commerce Pioneer in the Dust
El Puerto de Liverpool, one of the first Mexican retailers to sell online, is quickly falling behind newer arrivals. Is it too late to catch up?
Amazon's Arrival Leaves Mexican E-Commerce Pioneer in the Dust
El Puerto de Liverpool, one of the first Mexican retailers to sell online, is quickly falling behind newer arrivals. Is it too late to catch up?
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.