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.
cyber-crime
Latest News & Analysis
Retail
460,000 Uniqlo Online Accounts Accessed in Japan Hack
On Monday Uniqlo announced that at least 460,000 accounts we accessed by hackers registered on Fast Retailing’s Japanese shopping website.
460,000 Uniqlo Online Accounts Accessed in Japan Hack
On Monday Uniqlo announced that at least 460,000 accounts we accessed by hackers registered on Fast Retailing’s Japanese shopping website.
Retail
Luxury Retail's War with Organised Crime
The number of smash-and-grab thefts in the fashion and luxury industry is rising. How can retailers protect themselves?
Luxury Retail's War with Organised Crime
The number of smash-and-grab thefts in the fashion and luxury industry is rising. How can retailers protect themselves?
Technology
Brooks Brothers Discloses Payment Card Data Breach
The company said an unauthorised individual installed malicious software designed to capture card information on some of its payment processing systems.
Brooks Brothers Discloses Payment Card Data Breach
The company said an unauthorised individual installed malicious software designed to capture card information on some of its payment processing systems.
Technology
EU Rules to Stem Payment Fraud May Disrupt €6 Billion of E-Commerce: Visa
The European Union's planned rules to reduce fraud by forcing the use of passwords or codes to authenticate electronic payments may not increase security, Visa said.
EU Rules to Stem Payment Fraud May Disrupt €6 Billion of E-Commerce: Visa
The European Union's planned rules to reduce fraud by forcing the use of passwords or codes to authenticate electronic payments may not increase security, Visa said.
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Technology
What Fashion Needs to Know About Cybersecurity
As cyber attacks become more frequent and more severe, how can fashion businesses protect themselves and their customers?
What Fashion Needs to Know About Cybersecurity
As cyber attacks become more frequent and more severe, how can fashion businesses protect themselves and their customers?
Financial Markets
Target’s Shares Lift to All-Time High
Target's stock hit an all-time high on Monday as the discount retailer moves forward with shuttering its unprofitable operation in Canada and the fallout recedes from its damaging 2013 data breach.
Target’s Shares Lift to All-Time High
Target's stock hit an all-time high on Monday as the discount retailer moves forward with shuttering its unprofitable operation in Canada and the fallout recedes from its damaging 2013 data breach.
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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.