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.
Brooklyn, United States
Sustainability
How 1 Hotels Attracts Luxury’s Elusive Sustainably Motivated Consumers
The Brooklyn Bridge hotel is utilising new technologies and new marketing tactics to reach and engage luxury consumers whose spending habits are environmentally motivated.
How 1 Hotels Attracts Luxury’s Elusive Sustainably Motivated Consumers
The Brooklyn Bridge hotel is utilising new technologies and new marketing tactics to reach and engage luxury consumers whose spending habits are environmentally motivated.
Retail
Disruptive Sneaker Brand Greats Partners with Nordstrom
The direct-to-consumer footwear label enters the wholesale game for the first time in a deal with the American department store.
Disruptive Sneaker Brand Greats Partners with Nordstrom
The direct-to-consumer footwear label enters the wholesale game for the first time in a deal with the American department store.
News & Analysis
Brooklyn Seen as Best Bet for NYC to Win New Amazon Headquarters
The borough’s image as a hip hub for Millennials could give it a leg up as the e-commerce giant hunts for the perfect locale for its second US headquarters.
Brooklyn Seen as Best Bet for NYC to Win New Amazon Headquarters
The borough’s image as a hip hub for Millennials could give it a leg up as the e-commerce giant hunts for the perfect locale for its second US headquarters.
Financial Markets
Etsy IPO Expected to be Priced at $14-$16 Per Share
Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14-$16 per share.
Etsy IPO Expected to be Priced at $14-$16 Per Share
Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14-$16 per share.
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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.