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.
breaking-news
China
Farfetch Partners with JD.com to Boost Chinese Business
The deal, which includes a $397 million investment from the Chinese e-commerce giant, will give Farfetch a powerful gateway to the world’s second largest luxury market.
Farfetch Partners with JD.com to Boost Chinese Business
The deal, which includes a $397 million investment from the Chinese e-commerce giant, will give Farfetch a powerful gateway to the world’s second largest luxury market.
Luxury
Brioni Names Nina-Maria Nitsche as New Creative Director
The Italian menswear brand has appointed Nina-Maria Nitsche as its first female creative director, replacing Justin O’Shea who abruptly exited after just six months in the role.
Brioni Names Nina-Maria Nitsche as New Creative Director
The Italian menswear brand has appointed Nina-Maria Nitsche as its first female creative director, replacing Justin O’Shea who abruptly exited after just six months in the role.
Luxury
The End of Style.com: Condé Nast Inks New Partnership with Farfetch
BoF has learned that Condé Nast will refocus its e-commerce strategy via a new partnership with Farfetch. Style.com will cease operations, effective immediately.
The End of Style.com: Condé Nast Inks New Partnership with Farfetch
BoF has learned that Condé Nast will refocus its e-commerce strategy via a new partnership with Farfetch. Style.com will cease operations, effective immediately.
News & Analysis
J. Crew's Mickey Drexler to Step Down as CEO
Drexler will stay on at J.Crew as chairman, BoF has learned. He will be succeeded as CEO by Jim Brett, who was most recently president of West Elm.
J. Crew's Mickey Drexler to Step Down as CEO
Drexler will stay on at J.Crew as chairman, BoF has learned. He will be succeeded as CEO by Jim Brett, who was most recently president of West Elm.
News & Analysis
Deena Aljuhani Abdulaziz Exits Vogue Arabia
The Saudi princess has confirmed that she was fired as editor-in-chief of Vogue Arabia after only two issues. It is understood that a new editor has already been appointed.
Deena Aljuhani Abdulaziz Exits Vogue Arabia
The Saudi princess has confirmed that she was fired as editor-in-chief of Vogue Arabia after only two issues. It is understood that a new editor has already been appointed.
News & Analysis
British Vogue Names Edward Enninful Editor-in-Chief
Enninful, the former style director at W Magazine, succeeds Alexandra Shulman, who resigned after 25 years in January.
British Vogue Names Edward Enninful Editor-in-Chief
Enninful, the former style director at W Magazine, succeeds Alexandra Shulman, who resigned after 25 years in January.
Retail
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
News & Analysis
Alexandra Shulman to Step Down as Editor-in-Chief of British Vogue
Alexandra Shulman is standing down from her position as editor-in-chief of British Vogue after 25 years.
Alexandra Shulman to Step Down as Editor-in-Chief of British Vogue
Alexandra Shulman is standing down from her position as editor-in-chief of British Vogue after 25 years.
News & Analysis
Deborah Needleman Departs T Magazine
The editor-in-chief of The New York Times style magazine is leaving after four years at the helm.
Deborah Needleman Departs T Magazine
The editor-in-chief of The New York Times style magazine is leaving after four years at the helm.
News & Analysis
Suno Quietly Closes Shop
The award-winning New York-based label will not ship its spring collection.
Suno Quietly Closes Shop
The award-winning New York-based label will not ship its spring collection.
Luxury
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
News & Analysis
Condé Nast Chairman Chuck Townsend Retiring
The chairman of Condé Nast is retiring amidst sweeping changes at the print-led media giant, as it tries to transform itself into a major digital player.
Condé Nast Chairman Chuck Townsend Retiring
The chairman of Condé Nast is retiring amidst sweeping changes at the print-led media giant, as it tries to transform itself into a major digital player.
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.