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.
Bury, United Kingdom
Retail
JD Sports Restores Outlook as Sales Start To Recover
The sportswear retailer predicted full-year profit would be at least £265 million ($349 million).
JD Sports Restores Outlook as Sales Start To Recover
The sportswear retailer predicted full-year profit would be at least £265 million ($349 million).
Retail
JD Sports Full-Year Profit Beats Expectations
The British sportswear chain has weathered the retail storm thanks to its international footprint.
JD Sports Full-Year Profit Beats Expectations
The British sportswear chain has weathered the retail storm thanks to its international footprint.
News & Analysis
JD Sports to Buy Smaller Rival Footasylum
The sports retailer, which raised its stake in Footasylum to over 18 percent last month, has agreed to buy the smaller rival in a deal valued at up to £90.1 million.
JD Sports to Buy Smaller Rival Footasylum
The sports retailer, which raised its stake in Footasylum to over 18 percent last month, has agreed to buy the smaller rival in a deal valued at up to £90.1 million.
Financial Markets
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
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Financial Markets
JD Sports Shares Hit Record High as Profit Set to Beat Estimates
JD Sports Fashion Plc, one of the UK’s leading sportswear retailers, rose to the highest since the company’s 1996 initial public offering after saying profit will be ahead of analysts’ projections.
JD Sports Shares Hit Record High as Profit Set to Beat Estimates
JD Sports Fashion Plc, one of the UK’s leading sportswear retailers, rose to the highest since the company’s 1996 initial public offering after saying profit will be ahead of analysts’ projections.
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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.