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
Luxury
10 Forces That Shaped Fashion in 2016
BoF and McKinsey & Company's in-depth report, The State of Fashion 2017, examines the trends that shaped the global fashion industry in 2016, from pervasive uncertainty to the deepening of discount culture.
10 Forces That Shaped Fashion in 2016
BoF and McKinsey & Company's in-depth report, The State of Fashion 2017, examines the trends that shaped the global fashion industry in 2016, from pervasive uncertainty to the deepening of discount culture.
Luxury
Luxury Goods Feature in UK Accord for South Korea Trade Talks
A formal working group of ministers from the two countries will meet as many as four times a year.
Luxury Goods Feature in UK Accord for South Korea Trade Talks
A formal working group of ministers from the two countries will meet as many as four times a year.
Luxury
A Globetrotter's Guide to the Arithmetic of Luxury Shopping
While luxury goods makers have long priced items differently in different countries, at times of strong foreign-exchange volatility these variations are exacerbated.
A Globetrotter's Guide to the Arithmetic of Luxury Shopping
While luxury goods makers have long priced items differently in different countries, at times of strong foreign-exchange volatility these variations are exacerbated.
News & Analysis
Asos Boosts UK Sourcing After Pound’s Brexit Fall
Asos Plc, Britain’s largest online-only fashion retailer, plans to double its UK manufacturing as the pound’s post-Brexit plunge makes domestic production more affordable.
Asos Boosts UK Sourcing After Pound’s Brexit Fall
Asos Plc, Britain’s largest online-only fashion retailer, plans to double its UK manufacturing as the pound’s post-Brexit plunge makes domestic production more affordable.
Retail
Live Blog: Catch up on John Galliano, Amber Valletta, Ian Rogers, will.i.am and Joan Smalls
As the three-day event concludes, revisit our real-time reporting from VOICES, BoF's new annual gathering for big thinkers in Oxfordshire, in partnership with QIC Global Real Estate.
Live Blog: Catch up on John Galliano, Amber Valletta, Ian Rogers, will.i.am and Joan Smalls
As the three-day event concludes, revisit our real-time reporting from VOICES, BoF's new annual gathering for big thinkers in Oxfordshire, in partnership with QIC Global Real Estate.
News & Analysis
Fashion World Faces New Normal
How will the rise of extremism, populism and protectionism impact the fashion industry and wider business world?
Fashion World Faces New Normal
How will the rise of extremism, populism and protectionism impact the fashion industry and wider business world?
Retail
UK Retail Sales Stagnate as Prices, Weather Hit Clothing
UK retail sales stagnated for a second month in September as rising prices and warm weather hit demand for clothing.
UK Retail Sales Stagnate as Prices, Weather Hit Clothing
UK retail sales stagnated for a second month in September as rising prices and warm weather hit demand for clothing.
News & Analysis
First Marmite, Next Our Clothes? How Brexit is Set to Affect How We Shop
"Companies which import product or pay for materials abroad are now facing costs jumping by around a fifth."
First Marmite, Next Our Clothes? How Brexit is Set to Affect How We Shop
"Companies which import product or pay for materials abroad are now facing costs jumping by around a fifth."
News & Analysis
L’Oreal to Be ‘Cautious’ on UK Price Hikes After Pound’s Slump
L’Oreal SA chief executive officer Jean-Paul Agon says it is not the fault of customer that some production costs are rising.
L’Oreal to Be ‘Cautious’ on UK Price Hikes After Pound’s Slump
L’Oreal SA chief executive officer Jean-Paul Agon says it is not the fault of customer that some production costs are rising.
Luxury
No Growth but No Panic in the Luxury Sector
September was remarkably quiet in terms of corporate news, with announcements by Hermès, Richemont and Tod’s only.
No Growth but No Panic in the Luxury Sector
September was remarkably quiet in terms of corporate news, with announcements by Hermès, Richemont and Tod’s only.
News & Analysis
UK Shops Look to Chinese Tourists For a Golden Week At The Tills
"Travel agents report big demand for UK visits during holiday week due to 20% fall in costs after sterling’s post-Brexit vote dip."
UK Shops Look to Chinese Tourists For a Golden Week At The Tills
"Travel agents report big demand for UK visits during holiday week due to 20% fall in costs after sterling’s post-Brexit vote dip."
Luxury
Brexit Boosts British Watchmaker Bremont as Swiss Suffer
Aided by a plunge in the pound, UK sales of Bremont watches have surged since the country voted in June to leave the European Union.
Brexit Boosts British Watchmaker Bremont as Swiss Suffer
Aided by a plunge in the pound, UK sales of Bremont watches have surged since the country voted in June to leave 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.