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
Luxury
CEOs, Not Designers, Are Fashion’s New Stars
Business-side executives are becoming brand ambassadors, sometimes surpassing their creative counterparts in public profile.
CEOs, Not Designers, Are Fashion’s New Stars
Business-side executives are becoming brand ambassadors, sometimes surpassing their creative counterparts in public profile.
News & Analysis
Arnault Overtakes Gates to Become World’s Second-Richest Person
Bernard Arnault has added $39 billion to his fortune in 2019 alone, the biggest individual gain by far among the 500 people in Bloomberg’s ranking.
Arnault Overtakes Gates to Become World’s Second-Richest Person
Bernard Arnault has added $39 billion to his fortune in 2019 alone, the biggest individual gain by far among the 500 people in Bloomberg’s ranking.
Retail
US Property Trust Challenges Arcadia's Restructuring Plan
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
US Property Trust Challenges Arcadia's Restructuring Plan
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
Luxury
The Verdict on Riccardo Tisci’s Burberry
Same-store sales climbed 4 percent in the first quarter after the designer’s product finally hit stores, sending shares up almost 15 percent in early trading.
The Verdict on Riccardo Tisci’s Burberry
Same-store sales climbed 4 percent in the first quarter after the designer’s product finally hit stores, sending shares up almost 15 percent in early trading.
News & Analysis
Why LVMH Struck a Deal with Stella McCartney
The ethical fashion label will hardly move the needle for LVMH, but could help the group boost its sustainability credentials, which are seen to be lagging arch rival and former owner Kering at a time when consumers and regulators are taking notice.
Why LVMH Struck a Deal with Stella McCartney
The ethical fashion label will hardly move the needle for LVMH, but could help the group boost its sustainability credentials, which are seen to be lagging arch rival and former owner Kering at a time when consumers and regulators are taking notice.
News & Analysis
Chanel Hires Its First Diversity Chief
The French fashion house joins other major luxury brands in beefing up the resources devoted to fostering more diverse and inclusive environments. The new position comes after a year of high-profile, racially charged scandals involving brands like Gucci, Dolce & Gabbana and Prada.
Chanel Hires Its First Diversity Chief
The French fashion house joins other major luxury brands in beefing up the resources devoted to fostering more diverse and inclusive environments. The new position comes after a year of high-profile, racially charged scandals involving brands like Gucci, Dolce & Gabbana and Prada.
News & Analysis
Victoria Beckham CEO Exits Amid Turnaround
Fashion veteran Ralph Toledano, who was appointed chairman in March 2018, will lead the business going forward as he aims to revive the loss-making brand.
Victoria Beckham CEO Exits Amid Turnaround
Fashion veteran Ralph Toledano, who was appointed chairman in March 2018, will lead the business going forward as he aims to revive the loss-making brand.
China
Rihanna's Latest Cover Provoked Cries of Cultural Appropriation, but Chinese Netizens Disagree
The bulk of Chinese social media finds no offence with the star’s latest cover for Harper’s Bazaar China, but do their perceptions of cultural appropriation differ from the West?
Rihanna's Latest Cover Provoked Cries of Cultural Appropriation, but Chinese Netizens Disagree
The bulk of Chinese social media finds no offence with the star’s latest cover for Harper’s Bazaar China, but do their perceptions of cultural appropriation differ from the West?
Luxury
The Off-Piste Art Events Every Fashion Publicist Should Know
Luxury house are popping up at lesser-known events on the art circuit to burnish their brands and connect with clients.
The Off-Piste Art Events Every Fashion Publicist Should Know
Luxury house are popping up at lesser-known events on the art circuit to burnish their brands and connect with clients.
Fashion Week
Maison Margiela: On the Cusp of Revolution?
John Galliano delivered an anarchically beautiful collection born from our new digital decadence.
Maison Margiela: On the Cusp of Revolution?
John Galliano delivered an anarchically beautiful collection born from our new digital decadence.
Luxury
Luxury Stages a Brief Relief Rally
The Savigny Luxury Index bounced back in June, thanks to an improved outlook on key global markets and positive reports from Chanel and LVMH.
Luxury Stages a Brief Relief Rally
The Savigny Luxury Index bounced back in June, thanks to an improved outlook on key global markets and positive reports from Chanel and LVMH.
Fashion Week
At Couture, Clothes Versus Concepts
Only at John Galliano’s Maison Margiela did concept and clothing truly fit together, reports Angelo Flaccavento.
At Couture, Clothes Versus Concepts
Only at John Galliano’s Maison Margiela did concept and clothing truly fit together, reports Angelo Flaccavento.
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.