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
Another Retail Bankruptcy Wave Is on the Way, Credit Suisse Says
The retail business’s “large and undeniable transformation” will crimp rents and vacancy rates this year.
Another Retail Bankruptcy Wave Is on the Way, Credit Suisse Says
The retail business’s “large and undeniable transformation” will crimp rents and vacancy rates this year.
Retail
Teen Fashion Retailer Styles for Less Files for Bankruptcy
The company is the latest apparel retailer to file for bankruptcy protection following declining sales.
Teen Fashion Retailer Styles for Less Files for Bankruptcy
The company is the latest apparel retailer to file for bankruptcy protection following declining sales.
News & Analysis
BCBG Is Back for Round Two
"After bankruptcy, the brand is ready for a new chapter without the Azria family."
BCBG Is Back for Round Two
"After bankruptcy, the brand is ready for a new chapter without the Azria family."
News & Analysis
Footwear Retailer Aerosoles Files for Bankruptcy
The shoe chain blamed its bankruptcy on declining mall traffic, big industry-wide markdowns and a shift toward online shopping.
Footwear Retailer Aerosoles Files for Bankruptcy
The shoe chain blamed its bankruptcy on declining mall traffic, big industry-wide markdowns and a shift toward online shopping.
Retail
Rue21 Files For Chapter 11 Bankruptcy Protection
The retailer, reeling under debt and declining foot traffic, is the latest in a long line of retailers filing for bankruptcy as shoppers shift their spending online.
Rue21 Files For Chapter 11 Bankruptcy Protection
The retailer, reeling under debt and declining foot traffic, is the latest in a long line of retailers filing for bankruptcy as shoppers shift their spending online.
Retail
Report: Bebe Dodges Bankruptcy with Landlord Deals
Bebe's deals with its landlords will result in the closure of its approximately 180 stores, though it will continue to sell merchandise online, people familiar with the matter have said.
Report: Bebe Dodges Bankruptcy with Landlord Deals
Bebe's deals with its landlords will result in the closure of its approximately 180 stores, though it will continue to sell merchandise online, people familiar with the matter have said.
Retail
Retailers Are Going Bankrupt at a Record Pace
Few retail segments have proven immune as discount shoe-sellers, outdoor goods shops, and consumer electronics retailers have all found themselves headed for reorganisation.
Retailers Are Going Bankrupt at a Record Pace
Few retail segments have proven immune as discount shoe-sellers, outdoor goods shops, and consumer electronics retailers have all found themselves headed for reorganisation.
Retail
Report: Gymboree Preparing For Bankruptcy Filing
The childrenswear retailer warned last month it is running short on cash and may not survive if it can’t persuade creditors to refinance its debt.
Report: Gymboree Preparing For Bankruptcy Filing
The childrenswear retailer warned last month it is running short on cash and may not survive if it can’t persuade creditors to refinance its debt.
News & Analysis
Payless Files for Bankruptcy, to Close 400 Stores
The discount footwear retailer filed for Chapter 11 protection on Tuesday with a plan to restructure debt and immediately close 400 underperforming stores.
Payless Files for Bankruptcy, to Close 400 Stores
The discount footwear retailer filed for Chapter 11 protection on Tuesday with a plan to restructure debt and immediately close 400 underperforming stores.
Retail
As Bankruptcy Looms, American Retailers Must ‘Adapt or Die’
The time has come for a sweeping, much-needed reset in US apparel retail.
As Bankruptcy Looms, American Retailers Must ‘Adapt or Die’
The time has come for a sweeping, much-needed reset in US apparel retail.
News & Analysis
Silas Chou Halts Thakoon Venture
The New York-based designer and billionaire investor Silas Chou are hitting 'pause' on the Thakoon brand.
Silas Chou Halts Thakoon Venture
The New York-based designer and billionaire investor Silas Chou are hitting 'pause' on the Thakoon brand.
Retail
Midwestern Chain Gordmans Files for Bankruptcy
Gordmans, which operates about 100 stores, is the latest victim in a retail industry hit by sluggish mall traffic and the rise of e-commerce.
Midwestern Chain Gordmans Files for Bankruptcy
Gordmans, which operates about 100 stores, is the latest victim in a retail industry hit by sluggish mall traffic and the rise of e-commerce.
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.