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.
Istanbul, Turkey
Fashion Week
Placing Turkish Design Talent on the Global Fashion Map at Istanbul Fashion Week
BoF speaks to Vogue Turkey’s founding editor-in-chief on how the country’s fashion ecosystem is evolving and introduces 10 designers showcasing at Mercedes-Benz Fashion Week Istanbul to watch this season.
Placing Turkish Design Talent on the Global Fashion Map at Istanbul Fashion Week
BoF speaks to Vogue Turkey’s founding editor-in-chief on how the country’s fashion ecosystem is evolving and introduces 10 designers showcasing at Mercedes-Benz Fashion Week Istanbul to watch this season.
Luxury
Why Luxury Brands Are Suddenly a Lot Cheaper in Turkey
Shoppers have been lining up to splurge at luxury brands like Louis Vuitton, Chanel and Hermès.
Why Luxury Brands Are Suddenly a Lot Cheaper in Turkey
Shoppers have been lining up to splurge at luxury brands like Louis Vuitton, Chanel and Hermès.
Financial Markets
Manu Atelier Expands Into Footwear
The Turkish handbag label, known for its geometric designs, is launching footwear in October and will present the collection during Paris Fashion Week.
Manu Atelier Expands Into Footwear
The Turkish handbag label, known for its geometric designs, is launching footwear in October and will present the collection during Paris Fashion Week.
Global Markets
Turkey: Troubled, Resilient and Full of Opportunity
For many fashion executives, two years of upheaval has led to uncertainty, but for others Turkey’s increasingly polarised market signals new business opportunities.
Turkey: Troubled, Resilient and Full of Opportunity
For many fashion executives, two years of upheaval has led to uncertainty, but for others Turkey’s increasingly polarised market signals new business opportunities.
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Retail
Turkish Retailer Beymen to Proceed With IPO
The luxury retailer will proceed with an Istanbul listing of up to 40 percent of its capital.
Turkish Retailer Beymen to Proceed With IPO
The luxury retailer will proceed with an Istanbul listing of up to 40 percent of its capital.
Retail
Turkish Luxury Retailer Beymen Said to Explore IPO
Its parent company plans to offer as much as 49 percent of the department store and is in talks Bank of America, Citigroup and Deutsche Bank.
Turkish Luxury Retailer Beymen Said to Explore IPO
Its parent company plans to offer as much as 49 percent of the department store and is in talks Bank of America, Citigroup and Deutsche Bank.
News & Analysis
Unpaid Turkish Garment Workers Tag Zara Items to Seek Help
The tag calls on the shopper to pressure Zara into paying garment workers and support their campaign.
Unpaid Turkish Garment Workers Tag Zara Items to Seek Help
The tag calls on the shopper to pressure Zara into paying garment workers and support their campaign.
Financial Markets
$715 Million Mavi Jeans IPO Could Be Turkey's Largest Since 2013
The deal promises to shake up a moribund market for Turkish IPOs, characterised by years of cancelled or postponed sales and short-lived listings.
$715 Million Mavi Jeans IPO Could Be Turkey's Largest Since 2013
The deal promises to shake up a moribund market for Turkish IPOs, characterised by years of cancelled or postponed sales and short-lived listings.
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Retail
Textile Company Places Rare Bet on Turkey's Kurdish Southeast
The Iskur group, a supplier to fashion brands including Zara, Adidas and Nike, sees its $100 million investment as showing the way for other companies from western Turkey to take advantage of government incentives.
Textile Company Places Rare Bet on Turkey's Kurdish Southeast
The Iskur group, a supplier to fashion brands including Zara, Adidas and Nike, sees its $100 million investment as showing the way for other companies from western Turkey to take advantage of government incentives.
Marketing
Turkey Restricts Elle Magazine to Over-18s, Citing Lewd Content
The restrictions are being imposed after some articles and photos in the March issue were deemed to be injurious to the morality of children under the age of 18.
Turkey Restricts Elle Magazine to Over-18s, Citing Lewd Content
The restrictions are being imposed after some articles and photos in the March issue were deemed to be injurious to the morality of children under the age of 18.
News & Analysis
Armed with Popular Apps, Resellers Stir Up Mid-East Market
Local resellers using WhatsApp, Telegram and Instagram are filling the gap in lucrative but isolated pockets of the Middle Eastern fashion market.
Armed with Popular Apps, Resellers Stir Up Mid-East Market
Local resellers using WhatsApp, Telegram and Instagram are filling the gap in lucrative but isolated pockets of the Middle Eastern fashion market.
Financial Markets
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
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.