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.
accessible-luxury
Luxury
Op-Ed | How Premium Mediocre Conquered Fashion
Brands are giving the masses the illusion that they are consuming luxury, when in reality they are doing nothing of the sort, argues Eugene Rabkin.
Op-Ed | How Premium Mediocre Conquered Fashion
Brands are giving the masses the illusion that they are consuming luxury, when in reality they are doing nothing of the sort, argues Eugene Rabkin.
China
Shandong Ruyi Has Ambitious Plans to Dethrone LVMH
The Chinese company reveals plans to target affordable luxury with LVMH as its dream competitor.
Shandong Ruyi Has Ambitious Plans to Dethrone LVMH
The Chinese company reveals plans to target affordable luxury with LVMH as its dream competitor.
Luxury
Tapestry, One Year In
Chief executive Victor Luis talks China, challenges at Stuart Weitzman and high hopes for Kate Spade New York.
Tapestry, One Year In
Chief executive Victor Luis talks China, challenges at Stuart Weitzman and high hopes for Kate Spade New York.
Luxury
Jason Wu Parts Ways with Hugo Boss
The designer's Autumn/Winter 2018 show will be his last collection for the German house, which is shifting focus away from its womenswear business.
Jason Wu Parts Ways with Hugo Boss
The designer's Autumn/Winter 2018 show will be his last collection for the German house, which is shifting focus away from its womenswear business.
Luxury
Coach Shares Sink After Kate Spade Acquisition Weakens Forecast
Coach Inc's weaker-than-expected annual forecast sent shares down by the most in four-and-a-half years. Projected earnings were hurt in part by efforts to pull Kate Spade from many department stores.
Coach Shares Sink After Kate Spade Acquisition Weakens Forecast
Coach Inc's weaker-than-expected annual forecast sent shares down by the most in four-and-a-half years. Projected earnings were hurt in part by efforts to pull Kate Spade from many department stores.
Luxury
How Ganni Reinvented Scandinavian Style
What began as a niche cashmere line has blossomed into a brand with almost $60 million in annual revenue and plans to take the quintessential Copenhagen girl global.
How Ganni Reinvented Scandinavian Style
What began as a niche cashmere line has blossomed into a brand with almost $60 million in annual revenue and plans to take the quintessential Copenhagen girl global.
Luxury
Can Anyone Really Build an American LVMH?
Both Coach Inc. and Michael Kors have signalled their ambitions to build a homegrown version of the European luxury conglomerate. Can they succeed where others have failed?
Can Anyone Really Build an American LVMH?
Both Coach Inc. and Michael Kors have signalled their ambitions to build a homegrown version of the European luxury conglomerate. Can they succeed where others have failed?
Luxury
How Bella Freud Is Sustaining Success in Her Second Act
Bella Freud's first fashion business was a victim of the 'murderous' recession. Now, as she launches a collection with J Brand, she tells Tim Blanks how her career was reactivated almost by accident.
How Bella Freud Is Sustaining Success in Her Second Act
Bella Freud's first fashion business was a victim of the 'murderous' recession. Now, as she launches a collection with J Brand, she tells Tim Blanks how her career was reactivated almost by accident.
News & Analysis
The Perennially Difficult Paradox of Accessible Luxury
"Brands like Michael Kors and Coach have long ridden a delicate line — is it sustainable?"
The Perennially Difficult Paradox of Accessible Luxury
"Brands like Michael Kors and Coach have long ridden a delicate line — is it sustainable?"
News & Analysis
Stuart Vevers on Selena Gomez as His New Campaign Girl
"For the uninitiated, Gomez is the most followed person on Instagram with 122 million followers."
Stuart Vevers on Selena Gomez as His New Campaign Girl
"For the uninitiated, Gomez is the most followed person on Instagram with 122 million followers."
Luxury
Mulberry Profit Rises 21 Percent Helped By Online Sales
The British luxury brand said it had benefitted from well received new products and increased online sales, reporting annual pretax profit of £7.5 million.
Mulberry Profit Rises 21 Percent Helped By Online Sales
The British luxury brand said it had benefitted from well received new products and increased online sales, reporting annual pretax profit of £7.5 million.
Retail
J. Crew Seeks Debt Swap Amid Declining Sales
J.Crew, which is struggling to adjust as shoppers flock to online commerce amid changing tastes, announced a debt swap on Monday, in addition to a fall in its quarterly sales.
J. Crew Seeks Debt Swap Amid Declining Sales
J.Crew, which is struggling to adjust as shoppers flock to online commerce amid changing tastes, announced a debt swap on Monday, in addition to a fall in its quarterly sales.
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.