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.
Columbus, United States
Beauty
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Retail
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
Retail
L Brands Has Three Months to Placate Activist Investor Barington
Victoria's Secret's parent company also confirmed that it cancelled its annual fashion show. The retailer said in May that it was rethinking the format.
L Brands Has Three Months to Placate Activist Investor Barington
Victoria's Secret's parent company also confirmed that it cancelled its annual fashion show. The retailer said in May that it was rethinking the format.
Retail
The Men of Victoria’s Secret Lay Out Female-Driven Turnaround Plan
The lingerie brand has been trying to reconnect with customers who have increasingly turned to rivals that embrace female empowerment and diverse body types, like Aerie and ThirdLove
The Men of Victoria’s Secret Lay Out Female-Driven Turnaround Plan
The lingerie brand has been trying to reconnect with customers who have increasingly turned to rivals that embrace female empowerment and diverse body types, like Aerie and ThirdLove
ADVERTISEMENT
Retail
Jeffrey Epstein the CEO's First Talking Point at L Brands Investor Meeting
Group CEO Les Wexner employed Epstein as a personal money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion before severing ties more than a decade ago.
Jeffrey Epstein the CEO's First Talking Point at L Brands Investor Meeting
Group CEO Les Wexner employed Epstein as a personal money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion before severing ties more than a decade ago.
News & Analysis
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
Retail
Victoria’s Secret Considers a Change in Marketing
L Brands' admission that Victoria’s Secret needs change marks a key shift for a company that hasn’t much strayed from its push-up-bra aesthetic, despite consumer values moving towards themes such as female empowerment and body positivity.
Victoria’s Secret Considers a Change in Marketing
L Brands' admission that Victoria’s Secret needs change marks a key shift for a company that hasn’t much strayed from its push-up-bra aesthetic, despite consumer values moving towards themes such as female empowerment and body positivity.
Retail
Victoria's Secret Slumps Again as Bath & Body Works Keeps Growing
L Brands' profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle amid shifting consumer demands and the group's ties to disgraced financier Jeffrey Epstein.
Victoria's Secret Slumps Again as Bath & Body Works Keeps Growing
L Brands' profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle amid shifting consumer demands and the group's ties to disgraced financier Jeffrey Epstein.
ADVERTISEMENT
Retail
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
Retail
Victoria's Secret 'Angels' Mastermind, Ed Razek, Has Resigned
The executive's work at the company has been under intense scrutiny for the past year.
Victoria's Secret 'Angels' Mastermind, Ed Razek, Has Resigned
The executive's work at the company has been under intense scrutiny for the past year.
News & Analysis
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
News & Analysis
L Brands Confirms It Will Review Jeffrey Epstein's Role at Company
The Victoria’s Secret owner is taking legal steps to investigate the company’s relationship to Jeffrey Epstein, following his new charges.
L Brands Confirms It Will Review Jeffrey Epstein's Role at Company
The Victoria’s Secret owner is taking legal steps to investigate the company’s relationship to Jeffrey Epstein, following his new charges.
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.