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.
coronavirus
Latest News & Analysis
China
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
Retail
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Global Markets
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
News & Analysis
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
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Sustainability
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
Retail
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
Retail
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
Luxury
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
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Retail
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
News & Analysis
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
Retail
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Retail
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
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.