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
Retail
Walmart to Acquire Online Men's Retailer Bonobos for $310 Million
The acquisition is the fourth purchase that Wal-Mart has made this year, in its bid to become a dominant player in the e-commerce market.
Walmart to Acquire Online Men's Retailer Bonobos for $310 Million
The acquisition is the fourth purchase that Wal-Mart has made this year, in its bid to become a dominant player in the e-commerce market.
News & Analysis
Mark Cross: The American Luxury Brand Revival That Almost Wasn’t
How chief executive Neal J. Fox took a 165-year-old leather goods brand and turned it into a 21st century street style favourite by not being afraid to pivot — or take a gamble.
Mark Cross: The American Luxury Brand Revival That Almost Wasn’t
How chief executive Neal J. Fox took a 165-year-old leather goods brand and turned it into a 21st century street style favourite by not being afraid to pivot — or take a gamble.
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.
News & Analysis
Can Adidas Repeat its Stan Smith Success Story?
As sales of the Stan Smith and the Superstar start to wane, Adidas plans to pump up other throwbacks from the back of its closet.
Can Adidas Repeat its Stan Smith Success Story?
As sales of the Stan Smith and the Superstar start to wane, Adidas plans to pump up other throwbacks from the back of its closet.
Luxury
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Luxury
Hermès Boosts Production to Meet Demand in Asia
The luxury goods company said it is expanding its network of French workshops that make bags like the Kelly and Birkin, as it reported revenue in the first quarter climbed 11 percent.
Hermès Boosts Production to Meet Demand in Asia
The luxury goods company said it is expanding its network of French workshops that make bags like the Kelly and Birkin, as it reported revenue in the first quarter climbed 11 percent.
News & Analysis
Cartier, Rolex and Omega Lead Swiss Rankings for Fine Watches
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
Cartier, Rolex and Omega Lead Swiss Rankings for Fine Watches
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
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.
News & Analysis
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
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.
Retail
BoF Exclusive | H&M Launches New Brand: Arket
BoF can exclusively reveal that the Swedish fast-fashion giant is launching a new brand rooted in "style beyond trend."
BoF Exclusive | H&M Launches New Brand: Arket
BoF can exclusively reveal that the Swedish fast-fashion giant is launching a new brand rooted in "style beyond trend."
Luxury
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
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.