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.
bain-and-co
Latest News & Analysis
Beauty
Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
Luxury
Luxury Goods Sales to Grow No More Than 2 Percent This Year
Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.
Luxury Goods Sales to Grow No More Than 2 Percent This Year
Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.
Luxury
LVMH Revenue Growth Matches Estimates as Europe Offsets Asia
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods maker, reported third-quarter revenue that met analysts'
LVMH Revenue Growth Matches Estimates as Europe Offsets Asia
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods maker, reported third-quarter revenue that met analysts'
Luxury
Luxury Growth Weakest Since 2009 Amid Geopolitical Turmoil
PARIS, France — Worldwide luxury-goods sales could increase this year at the slowest pace since 2009 as spending falls for the first time in China
Luxury Growth Weakest Since 2009 Amid Geopolitical Turmoil
PARIS, France — Worldwide luxury-goods sales could increase this year at the slowest pace since 2009 as spending falls for the first time in China
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News & Analysis
Luxury Goods Market Growth to Slow in 2014
MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe
Luxury Goods Market Growth to Slow in 2014
MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe
News & Analysis
Luxury Growth at Risk as Shoppers Become More Diverse, Bain Says
PARIS, France — Luxury-goods makers need to better differentiate their products and the way they sell them or risk being left behind, according to
Luxury Growth at Risk as Shoppers Become More Diverse, Bain Says
PARIS, France — Luxury-goods makers need to better differentiate their products and the way they sell them or risk being left behind, according to
News & Analysis
China Shoppers Ring Luxury Tills from London to New York
SHANGHAI, China — Fang Ying's December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary
China Shoppers Ring Luxury Tills from London to New York
SHANGHAI, China — Fang Ying's December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary
News & Analysis
Luxury Market Headed for Slowest Year of Growth Since 2009
PARIS, France — Worldwide luxury-goods sales will expand at the slowest pace since 2009 this year as slack Chinese consumption and the weakness of
Luxury Market Headed for Slowest Year of Growth Since 2009
PARIS, France — Worldwide luxury-goods sales will expand at the slowest pace since 2009 this year as slack Chinese consumption and the weakness of
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News & Analysis
Neiman Marcus’s New Buyers Face Tough Luxury Retail Environment
NEW YORK, United States — Neiman Marcus Inc.'s new private-equity owners are buying a luxury chain that's in danger of running out of room to expand
Neiman Marcus’s New Buyers Face Tough Luxury Retail Environment
NEW YORK, United States — Neiman Marcus Inc.'s new private-equity owners are buying a luxury chain that's in danger of running out of room to expand
Technology
Chinese Shoppers Set to Become World Leaders Online
SHANGHAI, China — China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total
Chinese Shoppers Set to Become World Leaders Online
SHANGHAI, China — China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total
News & Analysis
Michael Kors Shares Pop After Bright First Quarter
NEW YORK, United States — Strong demand for Michael Kors ' luxury goods again propelled profit in its latest quarter, and the clothing, accessories
Michael Kors Shares Pop After Bright First Quarter
NEW YORK, United States — Strong demand for Michael Kors ' luxury goods again propelled profit in its latest quarter, and the clothing, accessories
Global Markets
Long Overlooked, the Flourishing Philippines
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
Long Overlooked, the Flourishing Philippines
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
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.