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.
earnings
Global Markets
Worldview | Omoyemi Akerele Takes Lagos Fashion Week to the Next Level
This week’s round-up of global markets fashion business news also features South Korean exports, Egyptian textile factories and Mexico’s luxury department stores.
Worldview | Omoyemi Akerele Takes Lagos Fashion Week to the Next Level
This week’s round-up of global markets fashion business news also features South Korean exports, Egyptian textile factories and Mexico’s luxury department stores.
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.
China
This Week: What Moncler, Estée Lauder Have to Say About China
An emerging narrative this earnings season is that China’s troubled fashion market is stabilising. This week’s results will put that theory to the test.
This Week: What Moncler, Estée Lauder Have to Say About China
An emerging narrative this earnings season is that China’s troubled fashion market is stabilising. This week’s results will put that theory to the test.
Luxury
Prada’s 9-Month Revenue Rises 9% as Miu Miu’s Rapid Growth Continues
Results at the Prada brand improved in the period, as the closing of the group’s Versace acquisition nears.
Prada’s 9-Month Revenue Rises 9% as Miu Miu’s Rapid Growth Continues
Results at the Prada brand improved in the period, as the closing of the group’s Versace acquisition nears.
Beauty
Exclusive: Amouage’s Sales Surpass $300 Million in Third Quarter
The Omani fine fragrance brand’s sales surged 73 percent in the three months ending Sept. 2025, with its biggest lifts in the Middle East and Africa.
Exclusive: Amouage’s Sales Surpass $300 Million in Third Quarter
The Omani fine fragrance brand’s sales surged 73 percent in the three months ending Sept. 2025, with its biggest lifts in the Middle East and Africa.
Luxury
Kering Sales, Smash-and-Grab Theft and Paris Art Week
Kering teased a 'drastic' reduction in its store footprint even as a deal with L’Oréal lightens its debt. Plus, early echoes from Paris Art Week, including a knockout Miu Miu initiative.
Kering Sales, Smash-and-Grab Theft and Paris Art Week
Kering teased a 'drastic' reduction in its store footprint even as a deal with L’Oréal lightens its debt. Plus, early echoes from Paris Art Week, including a knockout Miu Miu initiative.
Luxury
Kering Sales Beat Expectations as Investors Bet on Comeback
Sales at flagship brand Gucci fell by 14 percent in the third quarter with overall group sales down 5 percent.
Kering Sales Beat Expectations as Investors Bet on Comeback
Sales at flagship brand Gucci fell by 14 percent in the third quarter with overall group sales down 5 percent.
Luxury
Hermès Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6%
Sales of leather goods, including the brand’s classic Birkin and Kelly handbags, were up 13.3 percent.
Hermès Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6%
Sales of leather goods, including the brand’s classic Birkin and Kelly handbags, were up 13.3 percent.
Luxury
LVMH Returns to Growth in Third Quarter, but Fashion Sales Lag
The group’s largest division contracted for a fifth quarter, but all other parts of the group improved.
LVMH Returns to Growth in Third Quarter, but Fashion Sales Lag
The group’s largest division contracted for a fifth quarter, but all other parts of the group improved.
Luxury
Luxury Stocks’ Nascent Revival Is About to Face Earnings Test
The sector faces significant challenges including an uneven economic recovery in China, a stronger euro, and a lack of innovation, leading analysts to predict a slow recovery.
Luxury Stocks’ Nascent Revival Is About to Face Earnings Test
The sector faces significant challenges including an uneven economic recovery in China, a stronger euro, and a lack of innovation, leading analysts to predict a slow recovery.
Luxury
This Week: LVMH Results and the Victoria’s Secret Fashion Show
The luxury giant’s earnings won’t reflect Dior’s new direction, but can speak to the environment in which those clothes will be sold.
This Week: LVMH Results and the Victoria’s Secret Fashion Show
The luxury giant’s earnings won’t reflect Dior’s new direction, but can speak to the environment in which those clothes will be sold.
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.