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
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Luxury
Who Is Best Placed to Buy Jimmy Choo?
Valued at £700 million, Jimmy Choo is an acquisition target that could attract bids from private equity, foreign investors or luxury conglomerates.
Who Is Best Placed to Buy Jimmy Choo?
Valued at £700 million, Jimmy Choo is an acquisition target that could attract bids from private equity, foreign investors or luxury conglomerates.
Retail
Kate Spade's Position Weakens as It Explores Sale
The New York-based handbag maker's first quarterly sales decline in almost eight years couldn’t have come at a worse time, weakening its bargaining power in an eventual sale.
Kate Spade's Position Weakens as It Explores Sale
The New York-based handbag maker's first quarterly sales decline in almost eight years couldn’t have come at a worse time, weakening its bargaining power in an eventual sale.
Luxury
Op-Ed | Kate Spade Is Dragging Its Heels on a Deal
Kate Spade's sales decline gives potential suitors such as Coach and Michael Kors even more reason not to pay a high premium to buy the $3 billion company.
Op-Ed | Kate Spade Is Dragging Its Heels on a Deal
Kate Spade's sales decline gives potential suitors such as Coach and Michael Kors even more reason not to pay a high premium to buy the $3 billion company.
Retail
Jaeger Goes Into Administration
The British fashion brand struggled in the past few years to stand out in a fiercely competitive fashion retailing market.
Jaeger Goes Into Administration
The British fashion brand struggled in the past few years to stand out in a fiercely competitive fashion retailing market.
Retail
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
Retail
China's Love of Parisian Chic Boosts SMCP Profits
SMCP, the group behind French fashion brands Sandro, Maje and Claudie Pierlot, is benefiting from buoyant demand among a fast-growing middle class in China, where it already has 70 stores.
China's Love of Parisian Chic Boosts SMCP Profits
SMCP, the group behind French fashion brands Sandro, Maje and Claudie Pierlot, is benefiting from buoyant demand among a fast-growing middle class in China, where it already has 70 stores.
Luxury
How Direct-to-Consumer Brands Are Disrupting the Global Eyewear Business
Brands like France’s Izipizi, South Korea’s Gentle Monster and America’s Warby Parker are shaking up the eyewear market with direct-to-consumer models.
How Direct-to-Consumer Brands Are Disrupting the Global Eyewear Business
Brands like France’s Izipizi, South Korea’s Gentle Monster and America’s Warby Parker are shaking up the eyewear market with direct-to-consumer models.
Retail
BCBG Max Azria Gets Bankruptcy Loan as Chain Plots Asset Sale
The company needs the money so it can continue selling inventory to pay creditors, who are owed $459 million, according to a court filing.
BCBG Max Azria Gets Bankruptcy Loan as Chain Plots Asset Sale
The company needs the money so it can continue selling inventory to pay creditors, who are owed $459 million, according to a court filing.
Luxury
News Bites | Calvin Klein and Moonlight, Rebekka Bay Exits Everlane and More...
In today's News Bites, Calvin Klein teams up with the Moonlight cast, Rebekka Bay exits Everlane for Marimekko and Sofia Sanchez de Betak aka Chufy launches her own line.
News Bites | Calvin Klein and Moonlight, Rebekka Bay Exits Everlane and More...
In today's News Bites, Calvin Klein teams up with the Moonlight cast, Rebekka Bay exits Everlane for Marimekko and Sofia Sanchez de Betak aka Chufy launches her own line.
Luxury
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Luxury
Can Complét Pull a Mansur Gavriel?
This month, our spotlight shines on Complét, a Tel Aviv-based accessories brand with global ambitions.
Can Complét Pull a Mansur Gavriel?
This month, our spotlight shines on Complét, a Tel Aviv-based accessories brand with global ambitions.
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.