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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Luxury
Trailblazing Designer Kenzo Takada Has Died
The Japanese designer, best known for his namesake line Kenzo, passed away following complications due to Covid-19. He was 81.
Trailblazing Designer Kenzo Takada Has Died
The Japanese designer, best known for his namesake line Kenzo, passed away following complications due to Covid-19. He was 81.
Luxury
LVMH and Nicholas Kirkwood to Part Ways
The split is due to be completed by the end of the year, LVMH said in a statement.
LVMH and Nicholas Kirkwood to Part Ways
The split is due to be completed by the end of the year, LVMH said in a statement.
Luxury
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
Workplace & Talent
Forever 21 Hires New CEO From H&M
Daniel Kulle, former president of H&M's North American operations, has been brought in to revive the bankrupt fast-fashion retailer, which was recently bought by a consortium of investors, including Barneys-owner Authentic Brands Group, for $81 million.
Forever 21 Hires New CEO From H&M
Daniel Kulle, former president of H&M's North American operations, has been brought in to revive the bankrupt fast-fashion retailer, which was recently bought by a consortium of investors, including Barneys-owner Authentic Brands Group, for $81 million.
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Luxury
MatchesFashion.com Chief Executive Exits
Ulric Jerome, who joined the company in 2013, has stepped down as chief executive, the company confirmed to BoF.
MatchesFashion.com Chief Executive Exits
Ulric Jerome, who joined the company in 2013, has stepped down as chief executive, the company confirmed to BoF.
Retail
Barneys Files for Bankruptcy As Rents Rise and Visitors Fall
The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.
Barneys Files for Bankruptcy As Rents Rise and Visitors Fall
The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.
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.
Financial Markets
Philippine Retail Billionaire Plans Move From Fashion to Pets
The retail company will expand its offering to pet, health and beauty products.
Philippine Retail Billionaire Plans Move From Fashion to Pets
The retail company will expand its offering to pet, health and beauty products.
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Retail
Arcadia Group Chairman Philip Green Charged With Misdemeanour Assault
The charges, stemming from accusations he inappropriately touched a woman in Arizona, comes as Green is locked in a showdown with creditors.
Arcadia Group Chairman Philip Green Charged With Misdemeanour Assault
The charges, stemming from accusations he inappropriately touched a woman in Arizona, comes as Green is locked in a showdown with creditors.
Beauty
Frédéric Fekkai Close to Buying Back Haircare Brand
The haircare guru is nearing a deal to acquire his namesake salons and haircare products from Designer Parfums and Luxe Brands. The brand has struggled in recent years as salon sales have declined and Instagram-savvy competitors grabbed market share.
Frédéric Fekkai Close to Buying Back Haircare Brand
The haircare guru is nearing a deal to acquire his namesake salons and haircare products from Designer Parfums and Luxe Brands. The brand has struggled in recent years as salon sales have declined and Instagram-savvy competitors grabbed market share.
Retail
Opening Ceremony Lays Off 23 Amid Search For New Investor
The retailer, long known for its downtown cool, has eliminated most of its in-house label’s design team as part of broader restructuring.
Opening Ceremony Lays Off 23 Amid Search For New Investor
The retailer, long known for its downtown cool, has eliminated most of its in-house label’s design team as part of broader restructuring.
Media
Condé Nast Owner Si Newhouse Dies at 89
He ran the family's media empire for 40 years before retiring to chairman emeritus in 2015.
Condé Nast Owner Si Newhouse Dies at 89
He ran the family's media empire for 40 years before retiring to chairman emeritus in 2015.
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.