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.
brexit
News & Analysis
Brexit Crash Course: 4 Things Businesses Need to Know
From tariffs and duties to talent and hiring, BoF unpacks the key points UK-based companies need to know as Britain’s withdrawal from the EU takes effect.
Brexit Crash Course: 4 Things Businesses Need to Know
From tariffs and duties to talent and hiring, BoF unpacks the key points UK-based companies need to know as Britain’s withdrawal from the EU takes effect.
News & Analysis
EU Could Approve Boris Johnson’s Brexit Extension Request by Friday
The bloc's approval isn’t automatic and requires the unanimous agreement of national leaders from all 27 member states.
EU Could Approve Boris Johnson’s Brexit Extension Request by Friday
The bloc's approval isn’t automatic and requires the unanimous agreement of national leaders from all 27 member states.
News & Analysis
Boris Johnson Eyes Election After Parliament Forces Brexit Delay
Tuesday night was the first time Parliament had approved any Brexit deal, but Johnson's opponents argued that they needed more time and voted 322 to 308 against his proposed timetable for progressing the bill.
Boris Johnson Eyes Election After Parliament Forces Brexit Delay
Tuesday night was the first time Parliament had approved any Brexit deal, but Johnson's opponents argued that they needed more time and voted 322 to 308 against his proposed timetable for progressing the bill.
News & Analysis
UK Lawmakers Vote to Delay Decision on Johnson’s Brexit Deal
Without sign-off from Parliament, UK Prime Minister Boris Johnson is required by law to write to the EU by 11 pm tonight asking to delay Britain’s departure until January 31.
UK Lawmakers Vote to Delay Decision on Johnson’s Brexit Deal
Without sign-off from Parliament, UK Prime Minister Boris Johnson is required by law to write to the EU by 11 pm tonight asking to delay Britain’s departure until January 31.
News & Analysis
Deal or No Deal: What the Latest Brexit Developments Mean for Fashion
British Prime Minister Boris Johnson may have reached an agreement with the EU, but the UK’s withdrawal, and the terms on which it happens, is far from a done deal.
Deal or No Deal: What the Latest Brexit Developments Mean for Fashion
British Prime Minister Boris Johnson may have reached an agreement with the EU, but the UK’s withdrawal, and the terms on which it happens, is far from a done deal.
News & Analysis
EU and UK Reach Agreement on Brexit
Northern Ireland’s DUP said it still can’t support the deal, but Boris Johnson needs the backing of the House of Commons to deliver Brexit on October 31.
EU and UK Reach Agreement on Brexit
Northern Ireland’s DUP said it still can’t support the deal, but Boris Johnson needs the backing of the House of Commons to deliver Brexit on October 31.
Financial Markets
Geopolitical Uncertainty Plays Tug of War on Luxury Index
Riots in Hong Kong, Brexit and continued tensions between the USA and its trading partners have caused the Savigny Luxury Index to fluctuate this month.
Geopolitical Uncertainty Plays Tug of War on Luxury Index
Riots in Hong Kong, Brexit and continued tensions between the USA and its trading partners have caused the Savigny Luxury Index to fluctuate this month.
Fashion Week
In London, Fashion Takes a Break from Brexit
Leaving the European Union could have a disastrous effect. But even with the Halloween deadline for a deal looming large, the subject is decidedly out of fashion.
In London, Fashion Takes a Break from Brexit
Leaving the European Union could have a disastrous effect. But even with the Halloween deadline for a deal looming large, the subject is decidedly out of fashion.
News & Analysis
Op-Ed | We Need to Talk About Brexit
This could be the UK’s last London Fashion Week as part of the European Union, with serious consequences for the industry at home and abroad, writes British Fashion Council Chief Executive Caroline Rush.
Op-Ed | We Need to Talk About Brexit
This could be the UK’s last London Fashion Week as part of the European Union, with serious consequences for the industry at home and abroad, writes British Fashion Council Chief Executive Caroline Rush.
News & Analysis
No-Deal Brexit May Cost the British Fashion Industry $1 Billion
As fashion relies on export revenues, a global supply chain and an international talent pool, a no-deal Brexit would hamstring the UK industry, said The British Fashion Council.
No-Deal Brexit May Cost the British Fashion Industry $1 Billion
As fashion relies on export revenues, a global supply chain and an international talent pool, a no-deal Brexit would hamstring the UK industry, said The British Fashion Council.
News & Analysis
UK Retail Sales Collapse at Fastest Pace Since 2008
Until recently, consumers had largely taken Brexit in their stride, helped by wages growing at the fastest pace in more than a decade and modest inflation.
UK Retail Sales Collapse at Fastest Pace Since 2008
Until recently, consumers had largely taken Brexit in their stride, helped by wages growing at the fastest pace in more than a decade and modest inflation.
News & Analysis
'Brexit' Britain Doesn't Need an Election. It Needs An Exorcism.
It's hotter than hell in the United Kingdom, where a deeply divided nation, and its fashion industry, will soon find out what new Prime Minister Boris Johnson means by a 'do or die' exit from the European Union, writes Tim Blanks.
'Brexit' Britain Doesn't Need an Election. It Needs An Exorcism.
It's hotter than hell in the United Kingdom, where a deeply divided nation, and its fashion industry, will soon find out what new Prime Minister Boris Johnson means by a 'do or die' exit from the European Union, writes Tim Blanks.
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.