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.
New Jersey, United States
Retail
New Jersey’s ‘Dream’ Mall: 40 Million People and a Traffic Nightmare
The owners behind the 3 million-square-foot shopping and entertainment complex hope to beat the United States' dire retail outlook with its unique offering and relative proximity to Manhattan.
New Jersey’s ‘Dream’ Mall: 40 Million People and a Traffic Nightmare
The owners behind the 3 million-square-foot shopping and entertainment complex hope to beat the United States' dire retail outlook with its unique offering and relative proximity to Manhattan.
News & Analysis
Johnson & Johnson to Buy Hair Care Products Maker Vogue for $3.3B
Johnson & Johnson will acquire Vogue International for $3.3 billion, adding brands such as OGX shampoos to a portfolio that includes Neutrogena and Clean & Clear.
Johnson & Johnson to Buy Hair Care Products Maker Vogue for $3.3B
Johnson & Johnson will acquire Vogue International for $3.3 billion, adding brands such as OGX shampoos to a portfolio that includes Neutrogena and Clean & Clear.
Retail
The Children's Place Reports 2Q Loss
The Children's Place Retail Stores Inc. on Tuesday reported a loss of $13.7 million in its fiscal second quarter.
The Children's Place Reports 2Q Loss
The Children's Place Retail Stores Inc. on Tuesday reported a loss of $13.7 million in its fiscal second quarter.
Financial Markets
Ascena Retail Misses Street 3Q Forecasts
Ascena Retail Group Inc. on Tuesday reported fiscal third-quarter net income of $24.4 million. The results fell short of Wall Street expectations.
Ascena Retail Misses Street 3Q Forecasts
Ascena Retail Group Inc. on Tuesday reported fiscal third-quarter net income of $24.4 million. The results fell short of Wall Street expectations.
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News & Analysis
Fired L’Oreal Lawyer Says Company Patent Push Was Only Cosmetic
A lawyer formerly in charge of applying for patents in L’Oreal’s US office claims he was fired in December for refusing to make filings for dubious inventions just so the company could fill an annual quota.
Fired L’Oreal Lawyer Says Company Patent Push Was Only Cosmetic
A lawyer formerly in charge of applying for patents in L’Oreal’s US office claims he was fired in December for refusing to make filings for dubious inventions just so the company could fill an annual quota.
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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.