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
Blake Mycoskie on 10 Years of Toms
Blake Mycoskie, who founded one-for-one shoe company Toms in his California apartment, on the company's critics and 'chaotic' early days.
Blake Mycoskie on 10 Years of Toms
Blake Mycoskie, who founded one-for-one shoe company Toms in his California apartment, on the company's critics and 'chaotic' early days.
News & Analysis
Thai Police Seize Almost 900,000 Counterfeit Sunglasses
Police in Thailand say they have seized almost 900,000 counterfeit brand-name sunglasses at a warehouse where they also arrested two Chinese nationals accused of making the products.
Thai Police Seize Almost 900,000 Counterfeit Sunglasses
Police in Thailand say they have seized almost 900,000 counterfeit brand-name sunglasses at a warehouse where they also arrested two Chinese nationals accused of making the products.
Financial Markets
Luxottica Falls in Milan After Lowering Earnings Growth Outlook
Luxottica Group SpA fell in Milan after it curbed its earnings growth outlook as it invests more than $1.6 billion to revitalize and expand its business.
Luxottica Falls in Milan After Lowering Earnings Growth Outlook
Luxottica Group SpA fell in Milan after it curbed its earnings growth outlook as it invests more than $1.6 billion to revitalize and expand its business.
Financial Markets
Luxottica Earmarks More Than $1.6 Billion to Speed Up Expansion
Luxottica Group SpA will seek to accelerate growth by investing more than $1.63 billion over the next three years after sales and earnings reached record levels in 2015.
Luxottica Earmarks More Than $1.6 Billion to Speed Up Expansion
Luxottica Group SpA will seek to accelerate growth by investing more than $1.63 billion over the next three years after sales and earnings reached record levels in 2015.
News & Analysis
Swatch to Add Sunglasses With Safilo as Swiss Watch Demand Ebbs
Swatch Group AG will introduce sunglasses under its namesake brand this year under a five-year alliance with Safilo Group SpA.
Swatch to Add Sunglasses With Safilo as Swiss Watch Demand Ebbs
Swatch Group AG will introduce sunglasses under its namesake brand this year under a five-year alliance with Safilo Group SpA.
Financial Markets
Luxottica Posts Record Q2 Earnings, Confirms Guidance
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
Luxottica Posts Record Q2 Earnings, Confirms Guidance
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
News & Analysis
Sunglasses Shape Up
Just like in handbags, leaders in the luxury sunglasses market are moving away from logos and embracing the power of unique shapes.
Sunglasses Shape Up
Just like in handbags, leaders in the luxury sunglasses market are moving away from logos and embracing the power of unique shapes.
News & Analysis
Vuarnet’s Shades Cover Bond’s Baby Blues as Brand Eyes Revival
French eyewear company Vuarnet didn’t pay for the product placement, yet its appearance in the latest James Bond film “Spectre” comes at an opportune time, just as it reissues the vintage Glacier shades worn by Craig at a price of $600 a pair.
Vuarnet’s Shades Cover Bond’s Baby Blues as Brand Eyes Revival
French eyewear company Vuarnet didn’t pay for the product placement, yet its appearance in the latest James Bond film “Spectre” comes at an opportune time, just as it reissues the vintage Glacier shades worn by Craig at a price of $600 a pair.
News & Analysis
Swatch Plans to Start Selling Sunglasses to Boost Product Lineup
Swatch Group plans to start selling sunglasses under its namesake brand as soon as this year, a diversification from its main business of Swiss watches as that industry faces one of its most challenging years.
Swatch Plans to Start Selling Sunglasses to Boost Product Lineup
Swatch Group plans to start selling sunglasses under its namesake brand as soon as this year, a diversification from its main business of Swiss watches as that industry faces one of its most challenging years.
News & Analysis
A Closer Look at the $13 Billion Premium Eyewear Market
Kering’s decision to take its eyewear business in house was dubbed an “eyewear revolution,” but what does it mean for the giants that dominate the market?
A Closer Look at the $13 Billion Premium Eyewear Market
Kering’s decision to take its eyewear business in house was dubbed an “eyewear revolution,” but what does it mean for the giants that dominate the market?
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.