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.
business-growth
Financial Markets
Gucci's Rise Signals a New Model for Fashion
As a fashion system built on seasonal collections, runway shows and wholesale partnerships continues to wane, what’s taking its place?
Gucci's Rise Signals a New Model for Fashion
As a fashion system built on seasonal collections, runway shows and wholesale partnerships continues to wane, what’s taking its place?
Financial Markets
Evaluating Raf Simons’ First Year at Calvin Klein
It’s been one year since Raf Simons took creative control of Calvin Klein. Is it working?
Evaluating Raf Simons’ First Year at Calvin Klein
It’s been one year since Raf Simons took creative control of Calvin Klein. Is it working?
Luxury
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Luxury
Burberry Gives Fresh Boost to Luxury as Sales Beat Estimates
Third-quarter retail revenue rose 4 percent on a currency-neutral basis, with total sales of £735 million topping the £721 million estimate.
Burberry Gives Fresh Boost to Luxury as Sales Beat Estimates
Third-quarter retail revenue rose 4 percent on a currency-neutral basis, with total sales of £735 million topping the £721 million estimate.
Retail
Every Little Clothing Sale Helps UK's Tesco and Marks & Spencer in Holidays
Consumers are responding to early signs of Brexit-fuelled inflation by buying more of their clothing at retailers whose scale and diversification helps them keep prices in check.
Every Little Clothing Sale Helps UK's Tesco and Marks & Spencer in Holidays
Consumers are responding to early signs of Brexit-fuelled inflation by buying more of their clothing at retailers whose scale and diversification helps them keep prices in check.
Luxury
Richemont's Revenue Up 5 Percent with Unexpected Watch Rebound
The company has been struggling with the biggest downturn for the Swiss watch industry since the quartz crisis in the 1980s.
Richemont's Revenue Up 5 Percent with Unexpected Watch Rebound
The company has been struggling with the biggest downturn for the Swiss watch industry since the quartz crisis in the 1980s.
Financial Markets
Disrupting Amidst Disruption
In a fast-changing and unpredictable world, fashion must embrace disruption.
Disrupting Amidst Disruption
In a fast-changing and unpredictable world, fashion must embrace disruption.
Financial Markets
Shoe Carnival Posts Third-Quarter Profit
Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
Shoe Carnival Posts Third-Quarter Profit
Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
Luxury
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Luxury
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
Financial Markets
Alibaba-Rival JD Envisions its Own Delivery Drone Fleet by 2017
JD.com Inc. has drawn up plans for drones to ply 100 regular routes by the end of next year.
Alibaba-Rival JD Envisions its Own Delivery Drone Fleet by 2017
JD.com Inc. has drawn up plans for drones to ply 100 regular routes by the end of next year.
Financial Markets
Michael Kors Holdings Tops Second-Quarter Profit Forecasts
Michael Kors Holdings Ltd. on Thursday reported fiscal second-quarter profit of $160.9 million.
Michael Kors Holdings Tops Second-Quarter Profit Forecasts
Michael Kors Holdings Ltd. on Thursday reported fiscal second-quarter profit of $160.9 million.
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.