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.
California, United States
Beauty
Elf Shares Climb as It Boosts Revenue Outlook
The beauty company said sales for the year will be $265 million to $272 million, up from the original forecast of $246 million to $256 million.
Elf Shares Climb as It Boosts Revenue Outlook
The beauty company said sales for the year will be $265 million to $272 million, up from the original forecast of $246 million to $256 million.
News & Analysis
Op-Ed | Bret Easton Ellis: Is Inclusivity Good for Fashion?
In a controversial essay in the latest issue of Vogue Italia, American novelist Bret Easton Ellis argues that inclusivity is destroying what made the fashion world so alluring in the first place.
Op-Ed | Bret Easton Ellis: Is Inclusivity Good for Fashion?
In a controversial essay in the latest issue of Vogue Italia, American novelist Bret Easton Ellis argues that inclusivity is destroying what made the fashion world so alluring in the first place.
Technology
Google Spends $40 Million on Watch Tech to Fight Apple
The Alphabet Inc. unit agreed to acquire Fossil Group intellectual property in a bid to boost the search giant’s nascent efforts in the category.
Google Spends $40 Million on Watch Tech to Fight Apple
The Alphabet Inc. unit agreed to acquire Fossil Group intellectual property in a bid to boost the search giant’s nascent efforts in the category.
Media
Apple’s ‘Netflix for Magazines’ Getting a Chilly Reception
Apple is trying woo newspapers like the WSJ and NYT to join Texture, an app that offers unlimited access to about 200 magazines. But can the tech giant disrupt publishing like it disrupted music?
Apple’s ‘Netflix for Magazines’ Getting a Chilly Reception
Apple is trying woo newspapers like the WSJ and NYT to join Texture, an app that offers unlimited access to about 200 magazines. But can the tech giant disrupt publishing like it disrupted music?
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Beauty
E.l.f. Beauty Tops Profit Forecasts
The 'fast beauty' brand reported fourth-quarter profit of $21.5 million.
E.l.f. Beauty Tops Profit Forecasts
The 'fast beauty' brand reported fourth-quarter profit of $21.5 million.
News & Analysis
Facebook Went Down for Some Global Users of Social Network
Two billion users were affected after a technical error blocked access to the social media site.
Facebook Went Down for Some Global Users of Social Network
Two billion users were affected after a technical error blocked access to the social media site.
Retail
Pacific Sunwear Preparing for Chapter 11 Bankruptcy Filing
Struggling surfwear chain Pacific Sunwear of California Inc is preparing to file for bankruptcy.
Pacific Sunwear Preparing for Chapter 11 Bankruptcy Filing
Struggling surfwear chain Pacific Sunwear of California Inc is preparing to file for bankruptcy.
News & Analysis
Quiksilver Said to Be Near Bankruptcy Deal With Junior Creditors
After months of disputes, Quiksilver Inc. is close to reaching a deal on how much its junior creditors will be paid in the company’s bankruptcy settlement.
Quiksilver Said to Be Near Bankruptcy Deal With Junior Creditors
After months of disputes, Quiksilver Inc. is close to reaching a deal on how much its junior creditors will be paid in the company’s bankruptcy settlement.
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Retail
Teenage Wasteland: Can Wet Seal Be Saved?
At Wet Seal, new money, new leadership, old problems. Here's what chief executive Melanie Cox is doing about it.
Teenage Wasteland: Can Wet Seal Be Saved?
At Wet Seal, new money, new leadership, old problems. Here's what chief executive Melanie Cox is doing about it.
Technology
Yahoo Said to Pay $230 Million for Shopping Site Polyvore
Yahoo! Inc. is paying about $230 million for shopping service Polyvore Inc. as the Internet portal seeks new ways to draw in users and advertisers.
Yahoo Said to Pay $230 Million for Shopping Site Polyvore
Yahoo! Inc. is paying about $230 million for shopping service Polyvore Inc. as the Internet portal seeks new ways to draw in users and advertisers.
Marketing
Google Says ‘Buy’ Button Coming to Online Advertising Service
Google Inc. plans to unveil a “buy” button for its advertising service, stepping up pressure on rival Amazon.com Inc. as the company moves deeper into online commerce.
Google Says ‘Buy’ Button Coming to Online Advertising Service
Google Inc. plans to unveil a “buy” button for its advertising service, stepping up pressure on rival Amazon.com Inc. as the company moves deeper into online commerce.
Financial Markets
Quiksilver Shares Plunge After Surfwear Chain Replaces CEO, CFO
Quiksilver Inc. shares plunged as much as 16 percent after the struggling surfwear chain replaced its top executives and restated earnings results.
Quiksilver Shares Plunge After Surfwear Chain Replaces CEO, CFO
Quiksilver Inc. shares plunged as much as 16 percent after the struggling surfwear chain replaced its top executives and restated earnings results.
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.