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
Retail
Sears May Stay Alive With Rescue Bid Cobbled Together by Lampert
The chain's chairman, Eddie Lampert, made a last-minute, $4.6 billion bid to buy the retailer out of bankruptcy.
Sears May Stay Alive With Rescue Bid Cobbled Together by Lampert
The chain's chairman, Eddie Lampert, made a last-minute, $4.6 billion bid to buy the retailer out of bankruptcy.
News & Analysis
How Sears' Fashion Suppliers Prepared for Its Inevitable Fall
As the original 'everything store' attempts to restructure under bankruptcy protection, most of its large apparel suppliers won’t be bleeding cash — they’ve been preparing for this moment.
How Sears' Fashion Suppliers Prepared for Its Inevitable Fall
As the original 'everything store' attempts to restructure under bankruptcy protection, most of its large apparel suppliers won’t be bleeding cash — they’ve been preparing for this moment.
News & Analysis
Nine West Files Amended Bankruptcy Plan
The plan will reduce its pre-bankruptcy debt obligations by more than $1 billion, providing $105 million cash recovery to stakeholders.
Nine West Files Amended Bankruptcy Plan
The plan will reduce its pre-bankruptcy debt obligations by more than $1 billion, providing $105 million cash recovery to stakeholders.
Beauty
Sephora Takes on Beautycon
This week, everyone will be talking about Sephora's first beauty convention, a potential Sears bankruptcy and runway shows in Shanghai, Seoul and Tokyo. Read our BoF Professional Cheat Sheet.
Sephora Takes on Beautycon
This week, everyone will be talking about Sephora's first beauty convention, a potential Sears bankruptcy and runway shows in Shanghai, Seoul and Tokyo. Read our BoF Professional Cheat Sheet.
News & Analysis
How Interview Magazine Came Back From the Dead
The magazine’s president and chief revenue officer say controversial longtime owner Peter Brant is out, and a new cost-conscious era is in. But can Interview rid itself of its baggage?
How Interview Magazine Came Back From the Dead
The magazine’s president and chief revenue officer say controversial longtime owner Peter Brant is out, and a new cost-conscious era is in. But can Interview rid itself of its baggage?
News & Analysis
Carven Seeks Bankruptcy Protection
The French fashion house, which has been falling on hard times, is filing for bankruptcy protection.
Carven Seeks Bankruptcy Protection
The French fashion house, which has been falling on hard times, is filing for bankruptcy protection.
Beauty
One Brand’s Plan for Escaping Bankruptcy
With $214 million in debt due in 2019, Charlotte Russe was facing extinction. Chief executive Jenny Ming reveals how she secured a lifeline and hatched a turnaround plan for the teen retailer.
One Brand’s Plan for Escaping Bankruptcy
With $214 million in debt due in 2019, Charlotte Russe was facing extinction. Chief executive Jenny Ming reveals how she secured a lifeline and hatched a turnaround plan for the teen retailer.
News & Analysis
Bankrupt Retailer Bon-Ton Gets Acquisition Offer
Bon-Ton has received an acquisition offer from an investor group, two months after the department store-chain filed for bankruptcy protection.
Bankrupt Retailer Bon-Ton Gets Acquisition Offer
Bon-Ton has received an acquisition offer from an investor group, two months after the department store-chain filed for bankruptcy protection.
News & Analysis
Nine West Files for Bankruptcy
The company plans to sell the Nine West and Bandolino footwear and handbag businesses to Authentic Brands Group.
Nine West Files for Bankruptcy
The company plans to sell the Nine West and Bandolino footwear and handbag businesses to Authentic Brands Group.
News & Analysis
Claire's Plans Bankruptcy, With Creditors Taking Over
The fashion accessories chain is preparing to file for bankruptcy in the coming weeks, according to sources.
Claire's Plans Bankruptcy, With Creditors Taking Over
The fashion accessories chain is preparing to file for bankruptcy in the coming weeks, according to sources.
News & Analysis
Charlotte Olympia Files for Bankruptcy Protection in the United States
The luxury shoes and accessories brand plans to liquidate its operations in the country after losing over $6 million in 2017.
Charlotte Olympia Files for Bankruptcy Protection in the United States
The luxury shoes and accessories brand plans to liquidate its operations in the country after losing over $6 million in 2017.
Retail
The Death of Clothing
The underlying problem of weak demand is expected to dog the apparel industry for years, meaning more store closures and more bankruptcies lie ahead — with or without Amazon.
The Death of Clothing
The underlying problem of weak demand is expected to dog the apparel industry for years, meaning more store closures and more bankruptcies lie ahead — with or without Amazon.
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.