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.
Manchester, United Kingdom
Retail
UK Consumer Spending Disappointed in November, Surveys Show
With card spending falling and retail sales growth at its weakest since May, retailers reported disappointing Black Friday results.
UK Consumer Spending Disappointed in November, Surveys Show
With card spending falling and retail sales growth at its weakest since May, retailers reported disappointing Black Friday results.
Retail
Report: Top Audit Firms Decline to Work With Boohoo
Four accounting companies, including Deloitte and Grant Thornton, have already ruled out working with Boohoo, the Telegraph reported on Tuesday.
Report: Top Audit Firms Decline to Work With Boohoo
Four accounting companies, including Deloitte and Grant Thornton, have already ruled out working with Boohoo, the Telegraph reported on Tuesday.
Retail
Boohoo Review Finds ‘Unacceptable Issues’ in Leicester Supply Chain
The review found that some workers had not always been properly compensated for their work and that many were not fully aware of their rights.
Boohoo Review Finds ‘Unacceptable Issues’ in Leicester Supply Chain
The review found that some workers had not always been properly compensated for their work and that many were not fully aware of their rights.
Retail
Boohoo Shares Plunge After Suspending Business With Suppliers
Shares dropped as much as 17 percent in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen UK suppliers may be paying substandard wages.
Boohoo Shares Plunge After Suspending Business With Suppliers
Shares dropped as much as 17 percent in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen UK suppliers may be paying substandard wages.
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Beauty
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Retail
Boohoo Tells UK Home Secretary It's Probing Charges of Malpractice
The fast fashion retailer said it supports proposals for a licensing scheme that would ensure all garment factories are meeting legal obligations.
Boohoo Tells UK Home Secretary It's Probing Charges of Malpractice
The fast fashion retailer said it supports proposals for a licensing scheme that would ensure all garment factories are meeting legal obligations.
Retail
Boohoo to Stop Working With Suppliers That Don't Meet Standards
An early investigation revealed the factory in Leicester, which came under fire for paying workers as little as $4.38 an hour, was not a declared supplier and was no longer trading as a garment manufacturer.
Boohoo to Stop Working With Suppliers That Don't Meet Standards
An early investigation revealed the factory in Leicester, which came under fire for paying workers as little as $4.38 an hour, was not a declared supplier and was no longer trading as a garment manufacturer.
Retail
Boohoo to Investigate Supply Chain Practices After Health Report
A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection.
Boohoo to Investigate Supply Chain Practices After Health Report
A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection.
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Retail
Boohoo Acquires Warehouse and Oasis Brands
The Manchester Based Group, which also owns Nasty Gal and prettylittlething, paid £5 million for the struggling British apparel companies.
Boohoo Acquires Warehouse and Oasis Brands
The Manchester Based Group, which also owns Nasty Gal and prettylittlething, paid £5 million for the struggling British apparel companies.
Retail
Boohoo Buys Out PrettyLittleThing Shareholders for $331 Million
After the purchase Boohoo will retain over £350 million, leaving it in a strong position for future acquisitions.
Boohoo Buys Out PrettyLittleThing Shareholders for $331 Million
After the purchase Boohoo will retain over £350 million, leaving it in a strong position for future acquisitions.
Retail
JD Sports Suspends Final Dividend to Save Cash Amid the Covid-19 Crisis
The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.
JD Sports Suspends Final Dividend to Save Cash Amid the Covid-19 Crisis
The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.
Retail
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
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.