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
BCBG Max Azria Gets Bankruptcy Loan as Chain Plots Asset Sale
The company needs the money so it can continue selling inventory to pay creditors, who are owed $459 million, according to a court filing.
BCBG Max Azria Gets Bankruptcy Loan as Chain Plots Asset Sale
The company needs the money so it can continue selling inventory to pay creditors, who are owed $459 million, according to a court filing.
Luxury
Op-Ed | Sports Direct's Ashley Gets Distracted by Saucy Lingerie
Agent Provocateur is a very different business than even designer sportswear, requiring a different supply chain and store aesthetic.
Op-Ed | Sports Direct's Ashley Gets Distracted by Saucy Lingerie
Agent Provocateur is a very different business than even designer sportswear, requiring a different supply chain and store aesthetic.
Retail
Sports Direct's Ashley Backs Buyer of Agent Provocateur
Agent Provocateur has been placed under administration, a process similar to bankruptcy reorganisation, and will be sold to the Ashley-backed group.
Sports Direct's Ashley Backs Buyer of Agent Provocateur
Agent Provocateur has been placed under administration, a process similar to bankruptcy reorganisation, and will be sold to the Ashley-backed group.
News & Analysis
BCBG Max Azria Files for Bankruptcy
The reorganisation process is expected to be completed within six months and the stores will remain open during this time.
BCBG Max Azria Files for Bankruptcy
The reorganisation process is expected to be completed within six months and the stores will remain open during this time.
News & Analysis
Report: Fashion House BCBG Max Azria Prepares for Bankruptcy
BCBG Max Azria is making preparations to file for bankruptcy as soon as next week, people familiar with the matter said on Friday.
Report: Fashion House BCBG Max Azria Prepares for Bankruptcy
BCBG Max Azria is making preparations to file for bankruptcy as soon as next week, people familiar with the matter said on Friday.
News & Analysis
Limited Stores Files for Bankruptcy
Limited Stores LLC, parent of US women's apparel chain The Limited, announced on Tuesday that it had it filed for bankruptcy.
Limited Stores Files for Bankruptcy
Limited Stores LLC, parent of US women's apparel chain The Limited, announced on Tuesday that it had it filed for bankruptcy.
News & Analysis
Report: American Apparel Starts Layoffs
Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing facility now stand to lose their jobs.
Report: American Apparel Starts Layoffs
Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing facility now stand to lose their jobs.
News & Analysis
Bibhu Mohapatra Files for Bankruptcy
The news comes at a challenging time for designer brands on both sides of the Atlantic, particularly those operating without outside investment and dependent on a wholesale model.
Bibhu Mohapatra Files for Bankruptcy
The news comes at a challenging time for designer brands on both sides of the Atlantic, particularly those operating without outside investment and dependent on a wholesale model.
News & Analysis
Report: Next Level Apparel Challenges Gildan Bid for American Apparel
American Apparel, in its second bankruptcy, is being sold in an auction that began Monday morning in New York.
Report: Next Level Apparel Challenges Gildan Bid for American Apparel
American Apparel, in its second bankruptcy, is being sold in an auction that began Monday morning in New York.
Retail
Amazon-American Apparel Deal Would Please Fashionistas and Trump
American Apparel owns a clothing factory in Los Angeles, an added benefit to buying the retailer, that would position Amazon to respond to apparel trends more quickly than competitors that make clothes overseas.
Amazon-American Apparel Deal Would Please Fashionistas and Trump
American Apparel owns a clothing factory in Los Angeles, an added benefit to buying the retailer, that would position Amazon to respond to apparel trends more quickly than competitors that make clothes overseas.
News & Analysis
Limited Stores Said to Prepare for Bankruptcy by Hiring Advisers
The chain has struggled like other mall-based retailers as consumers shift spending to experience rather than clothing.
Limited Stores Said to Prepare for Bankruptcy by Hiring Advisers
The chain has struggled like other mall-based retailers as consumers shift spending to experience rather than clothing.
News & Analysis
Distressed Retailers Scour Loan Fine Print for Debt Strategies
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
Distressed Retailers Scour Loan Fine Print for Debt Strategies
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
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.