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
Fashion Week
The Case for Global Fashion Cooperation
In today’s complex and connected world, the major challenges facing fashion can only be addressed through greater global cooperation.
The Case for Global Fashion Cooperation
In today’s complex and connected world, the major challenges facing fashion can only be addressed through greater global cooperation.
Fashion Week
Coach Making a Play For the Major Leagues
As the mid-market leather goods house celebrates its 75th anniversary with a large-scale show, the buzz around the company's acquisition strategy continues to swell.
Coach Making a Play For the Major Leagues
As the mid-market leather goods house celebrates its 75th anniversary with a large-scale show, the buzz around the company's acquisition strategy continues to swell.
Retail
R.M. Williams Steps Up its Retail Ambitions
The heritage Australian bootmaker, backed by LVMH private equity arm L Capital Asia, is expanding its global retail footprint, but can its measured strategy prevent another accessible luxury brand from becoming a victim of its own success?
R.M. Williams Steps Up its Retail Ambitions
The heritage Australian bootmaker, backed by LVMH private equity arm L Capital Asia, is expanding its global retail footprint, but can its measured strategy prevent another accessible luxury brand from becoming a victim of its own success?
Luxury
Theory Gets Serious About Handbags
Theory chief executive Andrew Rosen and creative director of accessories Rory O'Hanlon discuss their approach to the brand’s first full-fledged handbag and accessories collection.
Theory Gets Serious About Handbags
Theory chief executive Andrew Rosen and creative director of accessories Rory O'Hanlon discuss their approach to the brand’s first full-fledged handbag and accessories collection.
Financial Markets
Victor Luis on Transforming Coach in Turbulent Times
BoF's Imran Amed talks to Coach CEO Victor Luis about the company's return to growth amidst wider market uncertainty.
Victor Luis on Transforming Coach in Turbulent Times
BoF's Imran Amed talks to Coach CEO Victor Luis about the company's return to growth amidst wider market uncertainty.
Luxury
Super Shrink Me: The Rise of the Mini Handbag
In the last decade, luxury handbag prices have skyrocketed. Now, brands are making smaller versions of iconic styles to win back aspirational consumers.
Super Shrink Me: The Rise of the Mini Handbag
In the last decade, luxury handbag prices have skyrocketed. Now, brands are making smaller versions of iconic styles to win back aspirational consumers.
Luxury
Op-Ed | Global Luxury: How to Win When You're Everywhere
In an era of global luxury, the right balance between exposure and scarcity is critical, argues Robert Burke.
Op-Ed | Global Luxury: How to Win When You're Everywhere
In an era of global luxury, the right balance between exposure and scarcity is critical, argues Robert Burke.
Luxury
The Race to Control the Luxury Leather Business
As more fashion labels push into the accessories business, luxury titans like Kering, LVMH and Hermès jockey for control of a leather market in flux.
The Race to Control the Luxury Leather Business
As more fashion labels push into the accessories business, luxury titans like Kering, LVMH and Hermès jockey for control of a leather market in flux.
Financial Markets
Handbag Industry Tightens Purse Strings to Cope With Slow Sales
Michael Kors Holdings Ltd., Kate Spade & Co. and Coach Inc. all topped analysts’ earnings estimates for the past quarter after the retailers cut costs and reduced discounts.
Handbag Industry Tightens Purse Strings to Cope With Slow Sales
Michael Kors Holdings Ltd., Kate Spade & Co. and Coach Inc. all topped analysts’ earnings estimates for the past quarter after the retailers cut costs and reduced discounts.
Financial Markets
Do 'Accessible Luxury' Brands Have an Inherently Limited Lifespan?
Affordable luxury brands can be financial juggernauts. But does their accessible pricing and widespread distribution mean they have an inherently limited lifespan?
Do 'Accessible Luxury' Brands Have an Inherently Limited Lifespan?
Affordable luxury brands can be financial juggernauts. But does their accessible pricing and widespread distribution mean they have an inherently limited lifespan?
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.