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.
eyewear
News & Analysis
Drive Episode 5: Warby Parker Founders on Forging Their Own Path
In episode five of BoF’s podcast series Drive, delivered by DHL, the co-founders of Warby Parker discuss how being industry outsiders helped them in their entrepreneurial journey, and why the opportunity keeps growing as the company does.
Drive Episode 5: Warby Parker Founders on Forging Their Own Path
In episode five of BoF’s podcast series Drive, delivered by DHL, the co-founders of Warby Parker discuss how being industry outsiders helped them in their entrepreneurial journey, and why the opportunity keeps growing as the company does.
Luxury
Chanel’s Digital Strategy Takes Shape Amid Executive Shuffle
In June, Chanel reported financial results for the first time in its history. Now, the $10 billion fashion house is evolving its digital strategy and shuffling some of its executives. What does this spell for the future of the brand?
Chanel’s Digital Strategy Takes Shape Amid Executive Shuffle
In June, Chanel reported financial results for the first time in its history. Now, the $10 billion fashion house is evolving its digital strategy and shuffling some of its executives. What does this spell for the future of the brand?
News & Analysis
Eyewear Brand Jimmy Fairly Plots UK Expansion
The French direct-to-consumer eyewear label is entering the UK with a new London store, e-commerce and plans for 14 more outposts in 2018.
Eyewear Brand Jimmy Fairly Plots UK Expansion
The French direct-to-consumer eyewear label is entering the UK with a new London store, e-commerce and plans for 14 more outposts in 2018.
News & Analysis
LVMH's Eyewear Venture Looks to Triple Production
A joint venture between LVMH and Marcolin could triple its production of glasses over time as its portfolio of brands expands.
LVMH's Eyewear Venture Looks to Triple Production
A joint venture between LVMH and Marcolin could triple its production of glasses over time as its portfolio of brands expands.
News & Analysis
Luxottica Sees Steady Growth Ahead
The eyewear maker said it expected to close its proposed merger with Essilor by mid-2018, while forecasting steady growth in its own sales and profits for the year.
Luxottica Sees Steady Growth Ahead
The eyewear maker said it expected to close its proposed merger with Essilor by mid-2018, while forecasting steady growth in its own sales and profits for the year.
News & Analysis
Safilo Struggled in 2017 After Losing Gucci License
The world's second-largest eyewear group's adjusted core profit is set to halve from a year earlier.
Safilo Struggled in 2017 After Losing Gucci License
The world's second-largest eyewear group's adjusted core profit is set to halve from a year earlier.
News & Analysis
EU Regulators to Clear Luxottica, Essilor Deal Without Conditions
The European Commission, which had some initial concerns about the48-billion-euro deal, did not confirm reports that the merger will be approved.
EU Regulators to Clear Luxottica, Essilor Deal Without Conditions
The European Commission, which had some initial concerns about the48-billion-euro deal, did not confirm reports that the merger will be approved.
News & Analysis
Optimising for Impact: Entrepreneurship in the Digital Age
Married entrepreneurs Neil Blumenthal of Warby Parker and Rachel Blumenthal of Rockets of Awesome talk leveraging data and building consumer relationships on stage at #BoFVOICES. Watch now.
Optimising for Impact: Entrepreneurship in the Digital Age
Married entrepreneurs Neil Blumenthal of Warby Parker and Rachel Blumenthal of Rockets of Awesome talk leveraging data and building consumer relationships on stage at #BoFVOICES. Watch now.
Retail
How a Designer Collaboration Transformed the Business of Le Specs
The once-sleepy Australian eyewear label is on track to become a $100 million brand, thanks, at least in part, to the blockbuster — and somewhat unexpected — success of its partnership with womenswear designer Adam Selman.
How a Designer Collaboration Transformed the Business of Le Specs
The once-sleepy Australian eyewear label is on track to become a $100 million brand, thanks, at least in part, to the blockbuster — and somewhat unexpected — success of its partnership with womenswear designer Adam Selman.
News & Analysis
Eyewear Mega-Merger Could Hurt US Consumers, but Still Be Approved
The merger between prescription lens maker Essilor and frame maker Luxottica could lead to higher prices, but US antitrust enforcers rarely seek to stop vertical deals.
Eyewear Mega-Merger Could Hurt US Consumers, but Still Be Approved
The merger between prescription lens maker Essilor and frame maker Luxottica could lead to higher prices, but US antitrust enforcers rarely seek to stop vertical deals.
News & Analysis
Kering Sued Over 'Made in Italy' Eyewear Claims
"According to a new lawsuit, eyewear for Gucci, YSL and Brioni is actually made (mostly) in China."
Kering Sued Over 'Made in Italy' Eyewear Claims
"According to a new lawsuit, eyewear for Gucci, YSL and Brioni is actually made (mostly) in China."
News & Analysis
Safilo Sales Hit by Delivery Disruption
The Italian eyewear manufacturer, which makes glasses for Boss, Fendi and other fashion brands, reported a steep drop in first quarter sales after a new IT system at its Padua distribution centre disrupted deliveries.
Safilo Sales Hit by Delivery Disruption
The Italian eyewear manufacturer, which makes glasses for Boss, Fendi and other fashion brands, reported a steep drop in first quarter sales after a new IT system at its Padua distribution centre disrupted deliveries.
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.