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.
bof500-2013
Fashion Week
At Fashion Week, Anya Hindmarch Continues to Put Consumers Front and Centre
The brand's unconventional fashion week formula — axing the traditional catwalk in favor of playful consumer experiences — is delivering results. Next up: a giant red maze.
At Fashion Week, Anya Hindmarch Continues to Put Consumers Front and Centre
The brand's unconventional fashion week formula — axing the traditional catwalk in favor of playful consumer experiences — is delivering results. Next up: a giant red maze.
News & Analysis
Op-Ed | Fashion Needs to Stop Dismissing ‘Made In India’
It is time to stop stigmatising brands because of where they’re made and blindly believing that ‘Made in the West' is always best.
Op-Ed | Fashion Needs to Stop Dismissing ‘Made In India’
It is time to stop stigmatising brands because of where they’re made and blindly believing that ‘Made in the West' is always best.
Fashion Week
Can Tom Ford Take New York Fashion Week Global?
This week, everyone will be talking about Tom Ford's plans to take New York Fashion Week global, the arrival of new tariffs and Revlon's search for a buyer. Read our BoF Professional Cheat Sheet.
Can Tom Ford Take New York Fashion Week Global?
This week, everyone will be talking about Tom Ford's plans to take New York Fashion Week global, the arrival of new tariffs and Revlon's search for a buyer. Read our BoF Professional Cheat Sheet.
Retail
Report: Philip Green Prepares to Break up Arcadia Group
The owner of high-street stores Topshop and Dorothy Perkins is preparing to break up his fashion empire after narrowly avoiding collapse into administration in June.
Report: Philip Green Prepares to Break up Arcadia Group
The owner of high-street stores Topshop and Dorothy Perkins is preparing to break up his fashion empire after narrowly avoiding collapse into administration in June.
News & Analysis
Calvin Klein Owner PVH Cuts Full-Year Profit, Revenue Forecast
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
Calvin Klein Owner PVH Cuts Full-Year Profit, Revenue Forecast
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
News & Analysis
Tourists Aren't Shopping Like They Used To. Who Will Replace Them?
This week everyone will be talking about Tiffany & Co. and the declining tourist trade, the Venice Film Festival and fashion's climate pact. Read our BoF Professional Cheat Sheet.
Tourists Aren't Shopping Like They Used To. Who Will Replace Them?
This week everyone will be talking about Tiffany & Co. and the declining tourist trade, the Venice Film Festival and fashion's climate pact. Read our BoF Professional Cheat Sheet.
Financial Markets
Tod's Founder Diego Della Valle Raises Stake to 81.2%
The brand's chairman made good on a pledge to buy shares after disappointing first-half results earlier this month, a regulatory filing showed.
Tod's Founder Diego Della Valle Raises Stake to 81.2%
The brand's chairman made good on a pledge to buy shares after disappointing first-half results earlier this month, a regulatory filing showed.
Luxury
Gucci and Saint Laurent Face Uphill Battle to Get Green
Kering is leading luxury’s sustainability efforts, but the wider sector is walking a high wire: surging demand and social media are pushing brands to increase production and stage ever-flashier events, while consumers and regulators ramp up pressure on the same brands to lower their environmental impact.
Gucci and Saint Laurent Face Uphill Battle to Get Green
Kering is leading luxury’s sustainability efforts, but the wider sector is walking a high wire: surging demand and social media are pushing brands to increase production and stage ever-flashier events, while consumers and regulators ramp up pressure on the same brands to lower their environmental impact.
China
Escaping the Wrath of China’s Netizens
With brands seemingly unable to avoid outrage in the face of rising nationalism in the world’s largest luxury market, hiring chief diversity officers may not be enough.
Escaping the Wrath of China’s Netizens
With brands seemingly unable to avoid outrage in the face of rising nationalism in the world’s largest luxury market, hiring chief diversity officers may not be enough.
Luxury
Versace, Coach and Givenchy Have Angered China's Netizens. Who's Next?
Brands have issued apologies and lost celebrity ambassadors like supermodel Liu Wen after products were discovered listing Hong Kong, Macau and Taiwan as separate countries, angering nationalist Chinese consumers amidst political unrest in Hong Kong and a trade war with the US.
Versace, Coach and Givenchy Have Angered China's Netizens. Who's Next?
Brands have issued apologies and lost celebrity ambassadors like supermodel Liu Wen after products were discovered listing Hong Kong, Macau and Taiwan as separate countries, angering nationalist Chinese consumers amidst political unrest in Hong Kong and a trade war with the US.
Luxury
Why Farfetch Bought New Guards Group
The luxury marketplace bought New Guards, which operates streetwear sensation Off-White, for a total value of $675 million and plans to tap into the group to launch 'brands of the future.' In after-hours trading, Farfetch shares plunged by over 40 percent, marking an all-time low for the stock.
Why Farfetch Bought New Guards Group
The luxury marketplace bought New Guards, which operates streetwear sensation Off-White, for a total value of $675 million and plans to tap into the group to launch 'brands of the future.' In after-hours trading, Farfetch shares plunged by over 40 percent, marking an all-time low for the stock.
Luxury
Investors Demand More From Expensive Luxury Stocks
Despite most luxury companies reporting sales growth in the latest round of results, investors’ appetite has cooled, in part due to high valuations.
Investors Demand More From Expensive Luxury Stocks
Despite most luxury companies reporting sales growth in the latest round of results, investors’ appetite has cooled, in part due to high valuations.
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.