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.
accessories
Latest News & Analysis
Luxury
Why Chloé Picked Gabriela Hearst
The New York-based Uruguayan designer succeeds Natacha Ramsay-Levi at the Richemont-owned label, bringing a track record of success in handbags and a passion for eco-friendly practises.
Why Chloé Picked Gabriela Hearst
The New York-based Uruguayan designer succeeds Natacha Ramsay-Levi at the Richemont-owned label, bringing a track record of success in handbags and a passion for eco-friendly practises.
Luxury
The BoF Podcast: Stephen Jones Says the Constant Quest for Perfection Often Kills Spontaneity
Celebrated milliner Stephen Jones talks to BoF Editor-at-Large Tim Blanks about how the pandemic has signalled an opportunity to reshape the fashion industry.
The BoF Podcast: Stephen Jones Says the Constant Quest for Perfection Often Kills Spontaneity
Celebrated milliner Stephen Jones talks to BoF Editor-at-Large Tim Blanks about how the pandemic has signalled an opportunity to reshape the fashion industry.
Retail
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
China
Gold Lacks Appeal for Young Chinese Luxury Shoppers
Just 12 percent of those aged 18 to 22 intend to buy gold jewellery in the coming year.
Gold Lacks Appeal for Young Chinese Luxury Shoppers
Just 12 percent of those aged 18 to 22 intend to buy gold jewellery in the coming year.
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Luxury
Unpacking LVMH’s Donald Trump Moment
On Thursday, LVMH Chairman and Chief Executive Bernard Arnault and US President Donald Trump inaugurated a new Louis Vuitton factory in Johnson County, Texas, which comes with a commitment by the French luxury group to create 1,000 American jobs over the next five years. What does it all mean?
Unpacking LVMH’s Donald Trump Moment
On Thursday, LVMH Chairman and Chief Executive Bernard Arnault and US President Donald Trump inaugurated a new Louis Vuitton factory in Johnson County, Texas, which comes with a commitment by the French luxury group to create 1,000 American jobs over the next five years. What does it all mean?
Luxury
Gucci’s GG Logo Belt Is the Accessory Hit That Keeps on Giving
Sweet-spot pricing, clever merchandising and heavy social media appeal has made the logo belt a blockbuster product for the Italian megabrand. But how long can its magic last?
Gucci’s GG Logo Belt Is the Accessory Hit That Keeps on Giving
Sweet-spot pricing, clever merchandising and heavy social media appeal has made the logo belt a blockbuster product for the Italian megabrand. But how long can its magic last?
News & Analysis
Tapestry Shares Tumble as Kate Spade Sales Weaken
Same-stores sales at Kate Spade have declined for at least eight quarters, prompting the company cut back on new store openings for the brand.
Tapestry Shares Tumble as Kate Spade Sales Weaken
Same-stores sales at Kate Spade have declined for at least eight quarters, prompting the company cut back on new store openings for the brand.
News & Analysis
Galvan to Launch Accessible Luxury Handbags
The London-based evening wear brand will offer a new line of clutches and small handbags priced between $450 and $895.
Galvan to Launch Accessible Luxury Handbags
The London-based evening wear brand will offer a new line of clutches and small handbags priced between $450 and $895.
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Retail
Ancient Greek Sandals Finally Plants a Flag in Athens
The footwear brand is opening its first flagship store in the Greek capital, while also launching new products such as handbags, anklets and candles.
Ancient Greek Sandals Finally Plants a Flag in Athens
The footwear brand is opening its first flagship store in the Greek capital, while also launching new products such as handbags, anklets and candles.
Luxury
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
News & Analysis
Anya Hindmarch Sold to Marandi Family
The brand has parted ways with long-time Qatari backer Mayhoola for Investments after a challenging period of restructuring.
Anya Hindmarch Sold to Marandi Family
The brand has parted ways with long-time Qatari backer Mayhoola for Investments after a challenging period of restructuring.
Luxury
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
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.