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
Retail
UK Retail Sales Suffer Worst Year in More Than a Decade
Sales at brick-and-mortar stores fell 1.9 percent in December, capping off the worst year for monthly sales shrinkage since at least 2006, finds to a new report by BDO LLP.
UK Retail Sales Suffer Worst Year in More Than a Decade
Sales at brick-and-mortar stores fell 1.9 percent in December, capping off the worst year for monthly sales shrinkage since at least 2006, finds to a new report by BDO LLP.
News & Analysis
Anarchy and Awards in the UK
This week, everyone will be talking about the UK Parliament's Brexit vote, the British Fashion Council's Fashion Awards and Zara parent Inditex's financial results. Read our BoF Professional Cheat Sheet.
Anarchy and Awards in the UK
This week, everyone will be talking about the UK Parliament's Brexit vote, the British Fashion Council's Fashion Awards and Zara parent Inditex's financial results. Read our BoF Professional Cheat Sheet.
Retail
Fashion Retailer Joules Preps for No-Deal Brexit With EU Facility
A growing list of UK companies are minimising disruption to operations by prepping for a no-deal situation.
Fashion Retailer Joules Preps for No-Deal Brexit With EU Facility
A growing list of UK companies are minimising disruption to operations by prepping for a no-deal situation.
News & Analysis
As Brexit Looms, Katharine Hamnett and Shahmir Sanni Speak on What’s Next for Britain
Should the UK hold a second referendum? Was the first referendum even lawful? Is there a chance Brexit won’t happen at all? These were the questions explored by designer Katharine Hamnett and whistleblower Shahmir Sanni, in conversation with Rohan Silva, on stage at VOICES.
As Brexit Looms, Katharine Hamnett and Shahmir Sanni Speak on What’s Next for Britain
Should the UK hold a second referendum? Was the first referendum even lawful? Is there a chance Brexit won’t happen at all? These were the questions explored by designer Katharine Hamnett and whistleblower Shahmir Sanni, in conversation with Rohan Silva, on stage at VOICES.
Luxury
Despite Looming Brexit, Luxury Brands Bet on London Retail
Luxury brands from Cartier to Louis Vuitton can’t get enough of London’s high-end retail corridors. Why and for how long?
Despite Looming Brexit, Luxury Brands Bet on London Retail
Luxury brands from Cartier to Louis Vuitton can’t get enough of London’s high-end retail corridors. Why and for how long?
Technology
Can Paris Grow Its Fashion-Tech Game?
Backed by the likes of President Macron and LVMH, the world’s fashion capital is rolling out the red carpet for tech start-ups as well as designer labels. BoF goes behind the hype.
Can Paris Grow Its Fashion-Tech Game?
Backed by the likes of President Macron and LVMH, the world’s fashion capital is rolling out the red carpet for tech start-ups as well as designer labels. BoF goes behind the hype.
News & Analysis
In US and UK, Political Storms Threaten Fashion
President Trump’s escalation of America’s trade war with China and a political rebellion against a ‘soft Brexit’ in the UK threaten serious damage to the global fashion business.
In US and UK, Political Storms Threaten Fashion
President Trump’s escalation of America’s trade war with China and a political rebellion against a ‘soft Brexit’ in the UK threaten serious damage to the global fashion business.
News & Analysis
Chart of the Week | UK Fashion Industry to Take Hardest Brexit Hit
A new report predicts the UK's textiles, apparel and footwear industry will be among the worst hit by Brexit.
Chart of the Week | UK Fashion Industry to Take Hardest Brexit Hit
A new report predicts the UK's textiles, apparel and footwear industry will be among the worst hit by Brexit.
News & Analysis
Mulberry Doubles Down on UK Despite Brexit Woes
The handbag maker is committed to manufacturing in Britain, even as it grapples with rising costs since the country's EU referendum.
Mulberry Doubles Down on UK Despite Brexit Woes
The handbag maker is committed to manufacturing in Britain, even as it grapples with rising costs since the country's EU referendum.
News & Analysis
Brexit Poses Serious Risk to UK Fashion Industry, Says New Report
Restricting free movement will prevent access to top-tier talent and could slow overall UK economy, according to a study released by the Creative Industries Federation.
Brexit Poses Serious Risk to UK Fashion Industry, Says New Report
Restricting free movement will prevent access to top-tier talent and could slow overall UK economy, according to a study released by the Creative Industries Federation.
News & Analysis
Social Goods | The Exploitation of Influencers, the Appeal of Genderless Fashion
This week, why becoming an influencer is the new unpaid internship, and the blurring of gender boundaries in fashion.
Social Goods | The Exploitation of Influencers, the Appeal of Genderless Fashion
This week, why becoming an influencer is the new unpaid internship, and the blurring of gender boundaries in fashion.
Retail
In Amazon's Shadow, Hedge Funds Take Aim at Brexit-Hit Retailers
As the retail sector struggles with online competition and weakening sales, hedge funds step up bets against traditional British high street stores like Debenhams and Marks & Spencer.
In Amazon's Shadow, Hedge Funds Take Aim at Brexit-Hit Retailers
As the retail sector struggles with online competition and weakening sales, hedge funds step up bets against traditional British high street stores like Debenhams and Marks & Spencer.
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.