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
Will Luxury's Winning Streak Continue?
This week, everyone will be talking about quarterly results from LVMH, Kering and Moncler, Instagram's experiment with hiding 'likes,' and how the UK's new leader will change the Brexit outlook. Read our BoF Professional Cheat Sheet.
Will Luxury's Winning Streak Continue?
This week, everyone will be talking about quarterly results from LVMH, Kering and Moncler, Instagram's experiment with hiding 'likes,' and how the UK's new leader will change the Brexit outlook. Read our BoF Professional Cheat Sheet.
Retail
UK Retail Sales Surge as Consumers Defy Brexit Turmoil
The resilience of consumers in the face of Brexit uncertainty is largely being supported by the labour market, where pay growth is picking up, employment is at a record high and the jobless rate is the lowest its been since the 1970s.
UK Retail Sales Surge as Consumers Defy Brexit Turmoil
The resilience of consumers in the face of Brexit uncertainty is largely being supported by the labour market, where pay growth is picking up, employment is at a record high and the jobless rate is the lowest its been since the 1970s.
Luxury
Luxury Expecting a Strong 2019
With many 2018 results falling short of forecasts, brands are coupling optimism for the year ahead with new retail strategies, in an attempt to maintain growth trajectories.
Luxury Expecting a Strong 2019
With many 2018 results falling short of forecasts, brands are coupling optimism for the year ahead with new retail strategies, in an attempt to maintain growth trajectories.
News & Analysis
Brexit at the Cliff Edge: What Fashion Needs to Know
March 29th was meant to be the day the UK left the European Union. Instead, the Brexit drama is far from over and global fashion brands operating in the country face a prolonged period of uncertainty.
Brexit at the Cliff Edge: What Fashion Needs to Know
March 29th was meant to be the day the UK left the European Union. Instead, the Brexit drama is far from over and global fashion brands operating in the country face a prolonged period of uncertainty.
Retail
The Week Ahead: UK Faces Brexit Crunch Time. Again.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
The Week Ahead: UK Faces Brexit Crunch Time. Again.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
Luxury
Britain's Luxury Sector Warns of £6.8 Billion Loss From No-Deal Brexit
About 80 percent of Britain's luxury goods go overseas, and Europe is its largest market.
Britain's Luxury Sector Warns of £6.8 Billion Loss From No-Deal Brexit
About 80 percent of Britain's luxury goods go overseas, and Europe is its largest market.
Retail
The Week Ahead: Who Will Survive the Retail Apocalypse?
This week, everyone will be talking about the accelerating pace of store closures, opening day for the Shops at Hudson Yards and Brexit's surprising upside for some retailers. Read our BoF Professional Cheat Sheet.
The Week Ahead: Who Will Survive the Retail Apocalypse?
This week, everyone will be talking about the accelerating pace of store closures, opening day for the Shops at Hudson Yards and Brexit's surprising upside for some retailers. Read our BoF Professional Cheat Sheet.
Luxury
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Fashion Week
Kering Looks to Put Gucci's Rocky Month Behind It
This week, everyone will be talking about how Kering will address its various Gucci-related controversies, London Fashion Week kicking off with yet another Brexit vote and Frieze Los Angeles joining a crowded fashion calendar. Read our BoF Professional Cheat Sheet.
Kering Looks to Put Gucci's Rocky Month Behind It
This week, everyone will be talking about how Kering will address its various Gucci-related controversies, London Fashion Week kicking off with yet another Brexit vote and Frieze Los Angeles joining a crowded fashion calendar. Read our BoF Professional Cheat Sheet.
Beauty
L'Oréal Hoards Cosmetics in Britain as Brexit Looms
While the company stated that a no-deal Brexit would not have a major impact on sales, it is bulking up stocks in the United Kingdom, where it no longer has a manufacturing base.
L'Oréal Hoards Cosmetics in Britain as Brexit Looms
While the company stated that a no-deal Brexit would not have a major impact on sales, it is bulking up stocks in the United Kingdom, where it no longer has a manufacturing base.
News & Analysis
Burberry Says Would Pay a High Price for No-Deal Brexit
The British luxury brand said it would cost tens of millions of pounds in tariffs and severely disrupt its supply chain.
Burberry Says Would Pay a High Price for No-Deal Brexit
The British luxury brand said it would cost tens of millions of pounds in tariffs and severely disrupt its supply chain.
News & Analysis
British Fashion Council Lends Support to Second Referendum After Brexit Deal Flops
UK fashion sector fears disruptions to key imports and losing access to international talent if the UK fails to reach a deal to soften the country's exit from the European Union.
British Fashion Council Lends Support to Second Referendum After Brexit Deal Flops
UK fashion sector fears disruptions to key imports and losing access to international talent if the UK fails to reach a deal to soften the country's exit from the European Union.
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.