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.
Burlington, United States
News & Analysis
‘Soul of Snowboarding’ Jake Burton Dies at 65
With his namesake apparel and accessories brand Burton, the entrepreneur turned snowboarding from a winter sport into a lifestyle.
‘Soul of Snowboarding’ Jake Burton Dies at 65
With his namesake apparel and accessories brand Burton, the entrepreneur turned snowboarding from a winter sport into a lifestyle.
Technology
Smartphones Overtake Computers as Top E-Commerce Traffic Source
Smartphones have surpassed computers as the top source for e-commerce as it accounted for 45.1 percent of web-shopping traffic in the first quarter of this year, edging out computers at 45 percent.
Smartphones Overtake Computers as Top E-Commerce Traffic Source
Smartphones have surpassed computers as the top source for e-commerce as it accounted for 45.1 percent of web-shopping traffic in the first quarter of this year, edging out computers at 45 percent.
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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.