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.
Manila, Philippines
Global Markets
BTS to Unveil Pop-Up Stores in Manila, Taipei and Singapore
The seven-man K-pop sensation and Louis Vuitton ambassadors are at the heart of a burgeoning fashion business — their own. Following successful runs
BTS to Unveil Pop-Up Stores in Manila, Taipei and Singapore
The seven-man K-pop sensation and Louis Vuitton ambassadors are at the heart of a burgeoning fashion business — their own. Following successful runs
Financial Markets
Philippine Retail Billionaire Plans Move From Fashion to Pets
The retail company will expand its offering to pet, health and beauty products.
Philippine Retail Billionaire Plans Move From Fashion to Pets
The retail company will expand its offering to pet, health and beauty products.
Global Markets
Billionaire Henry Sy, Lazada Team Up on Philippine Online Retail
Billionaire Henry Sy has partnered with an online retailer backed by Germany’s Rocket Internet SE to target the rising number of consumers in the Philippines who shop using the Internet.
Billionaire Henry Sy, Lazada Team Up on Philippine Online Retail
Billionaire Henry Sy has partnered with an online retailer backed by Germany’s Rocket Internet SE to target the rising number of consumers in the Philippines who shop using the Internet.
News & Analysis
Marcos Jewelry Being Appraised Ahead of Possible Auction
The Philippine government is appraising millions of dollars' worth of jewellery seized three decades ago from Imelda Marcos, the former first lady, as it decides what to do with the collection.
Marcos Jewelry Being Appraised Ahead of Possible Auction
The Philippine government is appraising millions of dollars' worth of jewellery seized three decades ago from Imelda Marcos, the former first lady, as it decides what to do with the collection.
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News & Analysis
Philippine Luxury Retailer Prepares For IPO As Demand Booms
MANILA, Philippines — SSI Group Inc., the Philippine retailer of Hermes shoes and Gucci handbags, said rising incomes will accelerate profit growth
Philippine Luxury Retailer Prepares For IPO As Demand Booms
MANILA, Philippines — SSI Group Inc., the Philippine retailer of Hermes shoes and Gucci handbags, said rising incomes will accelerate profit growth
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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.