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.
Miami, United States
Luxury
Why Fashion Needs the Art World More Than Ever
Art Basel Miami Beach has become a cultural tentpole that attracts America’s wealthiest and an evolving art customer base that may prove key in reversing the luxury downturn.
Why Fashion Needs the Art World More Than Ever
Art Basel Miami Beach has become a cultural tentpole that attracts America’s wealthiest and an evolving art customer base that may prove key in reversing the luxury downturn.
Retail
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.
Luxury
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
Beauty
Nivea Owner Buys Coppertone Sun Care for $550 Million
Beiersdorf has agreed to buy Bayer's Coppertone brand of sun-care products, bolstering its line of skin creams that already includes the Nivea brand.
Nivea Owner Buys Coppertone Sun Care for $550 Million
Beiersdorf has agreed to buy Bayer's Coppertone brand of sun-care products, bolstering its line of skin creams that already includes the Nivea brand.
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News & Analysis
Perry Ellis Ends Deal Talks With Randa
Perry Ellis said the decision was made after a major licensor refused to consent to Randa's acquisition of the company.
Perry Ellis Ends Deal Talks With Randa
Perry Ellis said the decision was made after a major licensor refused to consent to Randa's acquisition of the company.
News & Analysis
Perry Ellis Receives Revised Buyout Offer from Randa
A special committee formed by Perry Ellis to evaluate the proposals said it would look into the offer, open talks with Randa and grant it due diligence access.
Perry Ellis Receives Revised Buyout Offer from Randa
A special committee formed by Perry Ellis to evaluate the proposals said it would look into the offer, open talks with Randa and grant it due diligence access.
News & Analysis
Randa Remains Committed to Buying Perry Ellis Despite Rejection
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.
Randa Remains Committed to Buying Perry Ellis Despite Rejection
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.
News & Analysis
Perry Ellis Advises Shareholders to Vote for Lower Buyout Offer From Founder
The company was put at the centre of an unexpected bidding war on Monday after Randa Accessories made a $444 million offer, higher than the $437 million offer from founder George Feldenkreis.
Perry Ellis Advises Shareholders to Vote for Lower Buyout Offer From Founder
The company was put at the centre of an unexpected bidding war on Monday after Randa Accessories made a $444 million offer, higher than the $437 million offer from founder George Feldenkreis.
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News & Analysis
Randa Accessories Makes Offer to Buy Perry Ellis
Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.
Randa Accessories Makes Offer to Buy Perry Ellis
Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.
News & Analysis
Perry Ellis to Be Taken Private by Founder in Deal With Fortress
Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.
Perry Ellis to Be Taken Private by Founder in Deal With Fortress
Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.
News & Analysis
Why American Express Is Evolving its Fashion Strategy
On the back of events with Drake, Virgil Abloh, Opening Ceremony and Made LA, American Express’s Janey Whiteside tells BoF how fashion’s rising cultural significance with consumers is informing its collaboration strategy.
Why American Express Is Evolving its Fashion Strategy
On the back of events with Drake, Virgil Abloh, Opening Ceremony and Made LA, American Express’s Janey Whiteside tells BoF how fashion’s rising cultural significance with consumers is informing its collaboration strategy.
Retail
Miuccia Prada’s ‘Blueprint for the Future’
Prada’s co-chief executive officer and lead creative director speaks to Tim Blanks as the Italian fashion house prepares to launch a major new store in Miami, set to serve as a template for the future.
Miuccia Prada’s ‘Blueprint for the Future’
Prada’s co-chief executive officer and lead creative director speaks to Tim Blanks as the Italian fashion house prepares to launch a major new store in Miami, set to serve as a template for the future.
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.