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.
conglomerates
Beauty
Exclusive: Hourglass Founder Carisa Janes Launches New Beauty Brand
Eight years after selling her prestige cosmetics line to Unilever Prestige, Janes has another brand on her hands, launching with 25 foundation shades and a face oil. Can lightning strike twice?
Exclusive: Hourglass Founder Carisa Janes Launches New Beauty Brand
Eight years after selling her prestige cosmetics line to Unilever Prestige, Janes has another brand on her hands, launching with 25 foundation shades and a face oil. Can lightning strike twice?
Luxury
Is China’s Luxury Market Ready to Rebound?
The short answer is yes — but it won’t soon return to its pre-pandemic growth rates. After two years of turbulence, the market remains shaky, and brands will need to earn every sale.
Is China’s Luxury Market Ready to Rebound?
The short answer is yes — but it won’t soon return to its pre-pandemic growth rates. After two years of turbulence, the market remains shaky, and brands will need to earn every sale.
Beauty
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.
Beauty
What Next for Kenvue’s Beauty Brands?
The future of big-name brands like Neutrogena, Clean & Clear and Aveeno, which bring more than $4 billion a year in sales, is less clear under its new ownership by the tissue and feminine care giant Kimberly-Clark.
What Next for Kenvue’s Beauty Brands?
The future of big-name brands like Neutrogena, Clean & Clear and Aveeno, which bring more than $4 billion a year in sales, is less clear under its new ownership by the tissue and feminine care giant Kimberly-Clark.
Beauty
Estée Lauder Is Growing Again. Now Comes the Hard Part.
The US giant handily beat expectations and its own guidance in its latest earnings, but softness in the US and its hair and makeup businesses show it can’t take its foot off the gas yet.
Estée Lauder Is Growing Again. Now Comes the Hard Part.
The US giant handily beat expectations and its own guidance in its latest earnings, but softness in the US and its hair and makeup businesses show it can’t take its foot off the gas yet.
Beauty
What Will Happen to Kendo?
The news that LVMH might sell off its stake in Rihanna’s Fenty raises questions about the broader beauty incubator landscape.
What Will Happen to Kendo?
The news that LVMH might sell off its stake in Rihanna’s Fenty raises questions about the broader beauty incubator landscape.
Beauty
Why Kering Gave Up on Beauty
The French luxury giant has put aside its ambitions of running beauty in-house. Despite having an enviable stable of brands, the complexity of the business and mounting debt meant it wasn’t worth the pain.
Why Kering Gave Up on Beauty
The French luxury giant has put aside its ambitions of running beauty in-house. Despite having an enviable stable of brands, the complexity of the business and mounting debt meant it wasn’t worth the pain.
Beauty
Kenvue’s Options Limited by Trump Tylenol Claims, Considers Beauty Unit Sell-Off
According to sources familiar with the company, the American giant is considering divesting assets as it struggles with weakened customer demand and unproven claims from the US president that Tylenol could be linked to autism.
Kenvue’s Options Limited by Trump Tylenol Claims, Considers Beauty Unit Sell-Off
According to sources familiar with the company, the American giant is considering divesting assets as it struggles with weakened customer demand and unproven claims from the US president that Tylenol could be linked to autism.
Beauty
Estée Lauder Companies’ CEO Says Fragrance Is Key to its Turnaround
While the US beauty conglomerate unveils its first fragrance-focussed innovation centre in Paris, executives including CEO Stéphane de La Faverie outlined new opportunities for its luxury and prestige perfume portfolio, which spans brands like Tom Ford and Le Labo.
Estée Lauder Companies’ CEO Says Fragrance Is Key to its Turnaround
While the US beauty conglomerate unveils its first fragrance-focussed innovation centre in Paris, executives including CEO Stéphane de La Faverie outlined new opportunities for its luxury and prestige perfume portfolio, which spans brands like Tom Ford and Le Labo.
Beauty
The GLP-1 Arms Race, Explained
The pharmaceutical boom in weight-loss drugs has put companies like Novo Nordisk and Eli Lilly in ever-fiercer competition. Now more heavyweights, like Pfizer and Astrazeneca, are entering the ring. Who will come out on top?
The GLP-1 Arms Race, Explained
The pharmaceutical boom in weight-loss drugs has put companies like Novo Nordisk and Eli Lilly in ever-fiercer competition. Now more heavyweights, like Pfizer and Astrazeneca, are entering the ring. Who will come out on top?
Sustainability
Explainer: Can Big Fashion Make Recycling Work at Scale?
Industry coalition ReHubs is calling for billions of dollars of investment to establish industrialised textile recycling capabilities in Europe. For its strategy to work, many elements still need to fall into place.
Explainer: Can Big Fashion Make Recycling Work at Scale?
Industry coalition ReHubs is calling for billions of dollars of investment to establish industrialised textile recycling capabilities in Europe. For its strategy to work, many elements still need to fall into place.
Creative Class
The Great Fashion Reset | Is Fashion Failing Emerging Designers?
The industry is producing fewer emerging designer success stories, putting its pipeline of creative innovation at risk.
The Great Fashion Reset | Is Fashion Failing Emerging Designers?
The industry is producing fewer emerging designer success stories, putting its pipeline of creative innovation at risk.
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.