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.
Doha, Qatar
Global Markets
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Global Markets
Fashion Trust Arabia Prize Announces Winners
Roni Helou, Krikor Jabotian and Zyne are among the winners of the award, which aims to support Arab designers. They will receive mentorship and up to $200,000.
Fashion Trust Arabia Prize Announces Winners
Roni Helou, Krikor Jabotian and Zyne are among the winners of the award, which aims to support Arab designers. They will receive mentorship and up to $200,000.
Luxury
Mayhoola: Inside the Secretive Qatari Luxury Empire
In less than a decade, the investment vehicle backed by the Qatari royal family has built an impressive stable of luxury brands that now includes Valentino and Balmain. Could it become a rival to LVMH and Kering, or will political unrest hold back its ascent?
Mayhoola: Inside the Secretive Qatari Luxury Empire
In less than a decade, the investment vehicle backed by the Qatari royal family has built an impressive stable of luxury brands that now includes Valentino and Balmain. Could it become a rival to LVMH and Kering, or will political unrest hold back its ascent?
News & Analysis
Qatar Sovereign Wealth Fund Sells $417 Million Stake in Tiffany
The Qatar Investment Authority sold 4.4 million shares in a block sale as the gas-rich nation’s standoff with neighbouring countries exceeds 100 days.
Qatar Sovereign Wealth Fund Sells $417 Million Stake in Tiffany
The Qatar Investment Authority sold 4.4 million shares in a block sale as the gas-rich nation’s standoff with neighbouring countries exceeds 100 days.
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News & Analysis
What Qatar's Diplomatic Rift Means for Fashion
As Qatar's stock plummets and travel is suspended, what does the future hold for its $1.3 billion fashion market — and the European luxury houses backed by Qatari funds.
What Qatar's Diplomatic Rift Means for Fashion
As Qatar's stock plummets and travel is suspended, what does the future hold for its $1.3 billion fashion market — and the European luxury houses backed by Qatari funds.
News & Analysis
Op-Ed | High-Fashion is a Good Fit for Qatar
The region's market is probably the best suited to the industry's business model and culture today.
Op-Ed | High-Fashion is a Good Fit for Qatar
The region's market is probably the best suited to the industry's business model and culture today.
News & Analysis
Valentino Owner’s Investment to Help Boyner Pay Acquisition Debt
Mayhoola for Investments Opc, a buyout firm from Qatar, will purchase 30.7 percent of the Turkish distributor of luxury brands including Dolce & Gabbana and Christian Dior.
Valentino Owner’s Investment to Help Boyner Pay Acquisition Debt
Mayhoola for Investments Opc, a buyout firm from Qatar, will purchase 30.7 percent of the Turkish distributor of luxury brands including Dolce & Gabbana and Christian Dior.
News & Analysis
Qatar's Nascent Fashion Industry Finds Ally in Sheikha Moza
"Sheikha Moza bint Nasser al-Missned, the mother of the new Qatari emir, Sheikh Tamim, is renowned for her ability to merge the conservative social
Qatar's Nascent Fashion Industry Finds Ally in Sheikha Moza
"Sheikha Moza bint Nasser al-Missned, the mother of the new Qatari emir, Sheikh Tamim, is renowned for her ability to merge the conservative social
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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.