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.
bankruptcy
News & Analysis
Forever 21 in Talks to Give Landlords a Stake in Bankruptcy
Sources say the ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing.
Forever 21 in Talks to Give Landlords a Stake in Bankruptcy
Sources say the ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing.
News & Analysis
Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in the court process, said a source.
Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in the court process, said a source.
News & Analysis
Forever 21 Prepares for Potential Bankruptcy Filing
The company has been in talks for additional financing and working with a team of advisers to help it restructure its debts.
Forever 21 Prepares for Potential Bankruptcy Filing
The company has been in talks for additional financing and working with a team of advisers to help it restructure its debts.
News & Analysis
As Barneys Struggles, Fashion Vendors Try on Alternative Channels
The luxury retailer recently filed for bankruptcy protection, owing $1.6 million to Prada and millions to other Kering and LVMH labels.
As Barneys Struggles, Fashion Vendors Try on Alternative Channels
The luxury retailer recently filed for bankruptcy protection, owing $1.6 million to Prada and millions to other Kering and LVMH labels.
News & Analysis
Barneys New York: What Happens Now?
After filing for bankruptcy protection, the luxury retailer aims to restructure its business and find a new owner. But where does that leave the brands it sells?
Barneys New York: What Happens Now?
After filing for bankruptcy protection, the luxury retailer aims to restructure its business and find a new owner. But where does that leave the brands it sells?
Retail
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Luxury
Sonia Rykiel to Liquidate After Judge Rejects Sale
The decision was made after a Paris commercial court judge rejected the lone remaining bidder for the company. The brand's six stores in France and Monaco, as well as its intellectual property and archives, will be sold.
Sonia Rykiel to Liquidate After Judge Rejects Sale
The decision was made after a Paris commercial court judge rejected the lone remaining bidder for the company. The brand's six stores in France and Monaco, as well as its intellectual property and archives, will be sold.
Retail
US Property Trust Challenges Arcadia's Restructuring Plan
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
US Property Trust Challenges Arcadia's Restructuring Plan
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
Luxury
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
News & Analysis
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Luxury
Rainbows Aren't Enough: Taking Stock of Fashion's Approach to Pride
This week everyone will be talking about Paris Couture Week, the fate of Forever 21 and Sonia Rykiel, and the end of Pride Month. Read our BoF Professional Cheat Sheet.
Rainbows Aren't Enough: Taking Stock of Fashion's Approach to Pride
This week everyone will be talking about Paris Couture Week, the fate of Forever 21 and Sonia Rykiel, and the end of Pride Month. Read our BoF Professional Cheat Sheet.
News & Analysis
French Connection Delays Company Sale Plans
The UK-based global retailer has announced plans to extend the strategic review and formal sale period.
French Connection Delays Company Sale Plans
The UK-based global retailer has announced plans to extend the strategic review and formal sale period.
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.