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.
fashion-tech
Technology
Bits & Bytes | The Retailer Amazon Can't Destroy, Facial Recognition in Stores
This week, Ulta is one Amazon's main competitors in the beauty space, while stores could be tracking customers with facial recognition technology.
Bits & Bytes | The Retailer Amazon Can't Destroy, Facial Recognition in Stores
This week, Ulta is one Amazon's main competitors in the beauty space, while stores could be tracking customers with facial recognition technology.
Technology
Bits & Bytes | Zara's High-Tech Flagship, Amazon Sales to Match Walmart's
This week, Zara opens a London flagship with automated order collection points and self-checkout, while Amazon's US sales are set to match Walmart's in three years.
Bits & Bytes | Zara's High-Tech Flagship, Amazon Sales to Match Walmart's
This week, Zara opens a London flagship with automated order collection points and self-checkout, while Amazon's US sales are set to match Walmart's in three years.
Technology
Bits & Bytes | LVMH Reportedly Backs Lyst, Google's Style Match Feature
This week, LVMH allegedly leads a new round of investment in Lyst, while Google launches a new image recognition technology.
Bits & Bytes | LVMH Reportedly Backs Lyst, Google's Style Match Feature
This week, LVMH allegedly leads a new round of investment in Lyst, while Google launches a new image recognition technology.
Technology
Bits & Bytes | Instagram Launches Commerce Payments, US Online Spending Passes $100 Billion
This week, Instagram offers a native payments feature for some users, while US online spending grows 14.4 percent year-on-year.
Bits & Bytes | Instagram Launches Commerce Payments, US Online Spending Passes $100 Billion
This week, Instagram offers a native payments feature for some users, while US online spending grows 14.4 percent year-on-year.
Technology
Bits & Bytes | Apple Moves Into Media, Faces Are the New Currency
This week, Apple aims to become a luxury fashion lifestyle and content brand, while faces could turn into digital calling cards.
Bits & Bytes | Apple Moves Into Media, Faces Are the New Currency
This week, Apple aims to become a luxury fashion lifestyle and content brand, while faces could turn into digital calling cards.
Technology
Bits & Bytes | Apple's Next Frontier Are Glasses, How Brands Used Tech at Coachella
This week, Apple will use AR to reinvent glasses, while some fashion brands used technology to bring their activations to life at the festival.
Bits & Bytes | Apple's Next Frontier Are Glasses, How Brands Used Tech at Coachella
This week, Apple will use AR to reinvent glasses, while some fashion brands used technology to bring their activations to life at the festival.
Technology
Farfetch Launches Start-Up Accelerator
On the road to an IPO, the fashion unicorn is launching a start-up accelerator aimed at driving innovation for online and physical stores.
Farfetch Launches Start-Up Accelerator
On the road to an IPO, the fashion unicorn is launching a start-up accelerator aimed at driving innovation for online and physical stores.
Technology
Bits & Bytes | The RealReal Hunts for Funding, Robots to Replace Humans in Retail
This week, the luxury resale company wants to raise $100 million in funding, while JD.com's Richard Liu says AI will take over retail.
Bits & Bytes | The RealReal Hunts for Funding, Robots to Replace Humans in Retail
This week, the luxury resale company wants to raise $100 million in funding, while JD.com's Richard Liu says AI will take over retail.
Technology
With Privacy Changes, Instagram Upsets Influencer Economy
As the Facebook-owned platform works to lock down its privacy policy amid mounting public pressure, some fashion apps and social media influencers are left scrambling.
With Privacy Changes, Instagram Upsets Influencer Economy
As the Facebook-owned platform works to lock down its privacy policy amid mounting public pressure, some fashion apps and social media influencers are left scrambling.
Technology
Bits & Bytes | Condé Nast's Pivot to Video, Alibaba Invests in Facial-Recognition Tech
This week, Condé Nast bets on video to drive its publications forward, while Alibaba invests in major player in China's artificial intelligence industry.
Bits & Bytes | Condé Nast's Pivot to Video, Alibaba Invests in Facial-Recognition Tech
This week, Condé Nast bets on video to drive its publications forward, while Alibaba invests in major player in China's artificial intelligence industry.
Technology
Bits & Bytes | EBay Fashion's Repositioning, Beauty Apps for Skincare
This week, eBay Fashion aims to compete against Amazon with a new campaign, while beauty companies are investing in apps to tap into the Gen-Z consumer.
Bits & Bytes | EBay Fashion's Repositioning, Beauty Apps for Skincare
This week, eBay Fashion aims to compete against Amazon with a new campaign, while beauty companies are investing in apps to tap into the Gen-Z consumer.
Technology
Bits & Bytes | Facebook Under FTC Investigation, Human Microchipping for Skincare
This week, demands grow for Facebook to explain its privacy policies, while human microchips may signal the future for the beauty industry.
Bits & Bytes | Facebook Under FTC Investigation, Human Microchipping for Skincare
This week, demands grow for Facebook to explain its privacy policies, while human microchips may signal the future for the beauty industry.
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.