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.
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Technology
Pinterest Funding Led by Fidelity Values Startup at $3.8 Billion
SAN FRANCISCO, United States — Pinterest Inc. said it raised $225 million in a financing round that values it at $3.8 billion, as the
Pinterest Funding Led by Fidelity Values Startup at $3.8 Billion
SAN FRANCISCO, United States — Pinterest Inc. said it raised $225 million in a financing round that values it at $3.8 billion, as the
Technology
Pinterest Offers New Tool, Lays Foundation for Monetisation
SAN FRANCISCO, United States — Online scrapbook Pinterest is rolling out new tools that will show businesses the number of visitors it delivers to
Pinterest Offers New Tool, Lays Foundation for Monetisation
SAN FRANCISCO, United States — Online scrapbook Pinterest is rolling out new tools that will show businesses the number of visitors it delivers to
Technology
Social Curation Start-ups Target Fashion Industry
NEW YORK, United States — The history of the internet is a story of two counter-balancing forces: the explosive growth of information and the rise
Social Curation Start-ups Target Fashion Industry
NEW YORK, United States — The history of the internet is a story of two counter-balancing forces: the explosive growth of information and the rise
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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.