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
News & Analysis
How the Legendary Birkin Bag Remains Dominant
It's safe to say that if you want to buy a Birkin, and you can afford one, it will eventually be yours. In the meantime, the exclusivity — both perceived and real — generates plenty of cultural cachet and continues the cycle of sales.
How the Legendary Birkin Bag Remains Dominant
It's safe to say that if you want to buy a Birkin, and you can afford one, it will eventually be yours. In the meantime, the exclusivity — both perceived and real — generates plenty of cultural cachet and continues the cycle of sales.
News & Analysis
Handbags at Dawn: Why Auction Houses Are Targeting Luxury Fashion
The world’s biggest auction houses are targeting luxury fashion. The result? Record-breaking Birkins, auctions during fashion week and a $60 million lawsuit.
Handbags at Dawn: Why Auction Houses Are Targeting Luxury Fashion
The world’s biggest auction houses are targeting luxury fashion. The result? Record-breaking Birkins, auctions during fashion week and a $60 million lawsuit.
China
Hermès Birkin Handbag Sells for Record $223,000 in Hong Kong
A Hermès Birkin crocodile bag in fuchsia sold for HK$1.72 million ($223,000) at Christie’s International Plc in Hong Kong, smashing the previous auction record for a handbag.
Hermès Birkin Handbag Sells for Record $223,000 in Hong Kong
A Hermès Birkin crocodile bag in fuchsia sold for HK$1.72 million ($223,000) at Christie’s International Plc in Hong Kong, smashing the previous auction record for a handbag.
Luxury
Michael Kors, Teen Fashion Idol
Michael Kors isn't just for grownups. The fashion line known for its accessible handbags and signature MK print turns out to have an enormous teenage fanbase.
Michael Kors, Teen Fashion Idol
Michael Kors isn't just for grownups. The fashion line known for its accessible handbags and signature MK print turns out to have an enormous teenage fanbase.
Retail
The Truth About Handbags
In the crowded and volatile market for handbags, not even Chanel and Hermès are safe, says Luca Solca, head of luxury goods at Exane BNP Paribas.
The Truth About Handbags
In the crowded and volatile market for handbags, not even Chanel and Hermès are safe, says Luca Solca, head of luxury goods at Exane BNP Paribas.
Financial Markets
Mulberry Signals Worst May Be Behind It as Profit Drop Eases
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Mulberry Signals Worst May Be Behind It as Profit Drop Eases
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Luxury
Mulberry Names Thierry Andretta As New CEO
Mulberry Group Plc, the troubled U.K. fashion brand, named Thierry Andretta as chief executive officer, ending a yearlong search for a replacement for Bruno Guillon.
Mulberry Names Thierry Andretta As New CEO
Mulberry Group Plc, the troubled U.K. fashion brand, named Thierry Andretta as chief executive officer, ending a yearlong search for a replacement for Bruno Guillon.
News & Analysis
The Maker of the World’s Coolest Hats is Heading Toward Bankruptcy
"Borsalino, the legendary Italian hat maker that has been covering the heads of Hollywood stars and the world’s rich and famous is in financial
The Maker of the World’s Coolest Hats is Heading Toward Bankruptcy
"Borsalino, the legendary Italian hat maker that has been covering the heads of Hollywood stars and the world’s rich and famous is in financial
News & Analysis
‘Made in Portugal’ is on the Rise
With a leather manufacturing heritage equal to that of luxury production powerhouses France and Italy, and offering comparable quality at a significantly lower cost, ‘Made in Portugal’ is on the rise.
‘Made in Portugal’ is on the Rise
With a leather manufacturing heritage equal to that of luxury production powerhouses France and Italy, and offering comparable quality at a significantly lower cost, ‘Made in Portugal’ is on the rise.
Luxury
How Mansur Gavriel Created the First Post-Recession It Bag
Mansur Gavriel is generating Birkin-esque waiting lists for its colourful handbags. Founders Rachel Mansur and Floriana Gavriel discuss getting the brand off the ground and the perks and pitfalls of its rapid growth.
How Mansur Gavriel Created the First Post-Recession It Bag
Mansur Gavriel is generating Birkin-esque waiting lists for its colourful handbags. Founders Rachel Mansur and Floriana Gavriel discuss getting the brand off the ground and the perks and pitfalls of its rapid growth.
News & Analysis
For Fashion Brands, the Rise of the Wrist
For fashion brands, watches have emerged as a key vector of growth, often powered by licensing deals with Fossil Group, a watchmaking behemoth that designs, manufactures, distributes and markets million of watches per year.
For Fashion Brands, the Rise of the Wrist
For fashion brands, watches have emerged as a key vector of growth, often powered by licensing deals with Fossil Group, a watchmaking behemoth that designs, manufactures, distributes and markets million of watches per year.
News & Analysis
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
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.