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
Op-Ed | Blockchains Could Upend the Fashion Business
Blockchain will revolutionise the industry in the next 10 years, but a number of systems have to be built to support it, argues Charles Beckwith.
Op-Ed | Blockchains Could Upend the Fashion Business
Blockchain will revolutionise the industry in the next 10 years, but a number of systems have to be built to support it, argues Charles Beckwith.
Technology
Tencent Profit Beats Estimates
The company almost doubled net income to a record $3.3 billion driven by its vast social networks WeChat and QQ.
Tencent Profit Beats Estimates
The company almost doubled net income to a record $3.3 billion driven by its vast social networks WeChat and QQ.
Technology
Bits & Bytes | JD.com Counterfeit Scandal, Zara Launches AR App
This week, e-commerce company JD.com is accused of selling counterfeit products, while Zara launches an augmented reality app to lure millennials.
Bits & Bytes | JD.com Counterfeit Scandal, Zara Launches AR App
This week, e-commerce company JD.com is accused of selling counterfeit products, while Zara launches an augmented reality app to lure millennials.
Technology
Bits & Bytes | Online Luxury Market to Triple by 2025, Stitch Fix Shares Fall 6 Percent
This week, online sales of personal luxury goods are set to reach $90 million, while Stitch Fix shares fall after posting second-quarter results.
Bits & Bytes | Online Luxury Market to Triple by 2025, Stitch Fix Shares Fall 6 Percent
This week, online sales of personal luxury goods are set to reach $90 million, while Stitch Fix shares fall after posting second-quarter results.
Technology
Bits & Bytes | The First Digital Supermodel, Apple Takes the Lead on Wearables
This week, Shudu is the first digitally-created supermodel, while Apple overtakes Fitbit in wearables sales.
Bits & Bytes | The First Digital Supermodel, Apple Takes the Lead on Wearables
This week, Shudu is the first digitally-created supermodel, while Apple overtakes Fitbit in wearables sales.
Technology
Bits & Bytes | Dolce & Gabbana Sends Drones Down the Runway, JD.com's Blockchain Accelerator
This week, Dolce & Gabbana uses drones instead of models at Milan Fashion Week, while JD.com launches accelerator for blockchain start-ups.
Bits & Bytes | Dolce & Gabbana Sends Drones Down the Runway, JD.com's Blockchain Accelerator
This week, Dolce & Gabbana uses drones instead of models at Milan Fashion Week, while JD.com launches accelerator for blockchain start-ups.
Technology
Bits & Bytes | Apple Watch Outperforms Swiss Watchmakers, Amazon and Target in War Over Apparel
This week, Apple sells more watches than the entire Swiss watchmaking industry, while Apple and Target are in competition for the same customer.
Bits & Bytes | Apple Watch Outperforms Swiss Watchmakers, Amazon and Target in War Over Apparel
This week, Apple sells more watches than the entire Swiss watchmaking industry, while Apple and Target are in competition for the same customer.
Technology
Bits & Bytes | Echo Look Partners With Vogue and GQ, Can an App Launch Fashion's #MeToo?
This week, Amazon's Echo Look will partner with Condé Nast publications to give out fashion advice, while Humans of Fashion will launch an app to provide the industry with a support network.
Bits & Bytes | Echo Look Partners With Vogue and GQ, Can an App Launch Fashion's #MeToo?
This week, Amazon's Echo Look will partner with Condé Nast publications to give out fashion advice, while Humans of Fashion will launch an app to provide the industry with a support network.
Technology
Bits & Bytes | Intel Launches Smart Glasses, AI Retail Spending to Reach $7 Billion
This week, Intel makes its first foray into wearables, while retailers are set to spend over $7.3 billion on AI by 2022.
Bits & Bytes | Intel Launches Smart Glasses, AI Retail Spending to Reach $7 Billion
This week, Intel makes its first foray into wearables, while retailers are set to spend over $7.3 billion on AI by 2022.
Technology
Walmart's Tech Incubator Buys VR Startup Spatialand
Spatialand, which worked with Walmart's incubator Store No 8 on project last year, is a software platform that helps create virtual reality experiences.
Walmart's Tech Incubator Buys VR Startup Spatialand
Spatialand, which worked with Walmart's incubator Store No 8 on project last year, is a software platform that helps create virtual reality experiences.
Technology
Bits & Bytes | Nike's Algorithm-Designed Sneaker, Amazon Raises Seller Fees
This week, Nike uses algorithms to design its Epic React Flyknit trainer, while Amazon raises fees for third-party apparel sellers.
Bits & Bytes | Nike's Algorithm-Designed Sneaker, Amazon Raises Seller Fees
This week, Nike uses algorithms to design its Epic React Flyknit trainer, while Amazon raises fees for third-party apparel sellers.
Technology
Could Richemont's Yoox Net-a-Porter Offer Spark a Bidding War?
The Swiss luxury conglomerate's surprise offer of €2.7 billion for full control of Yoox Net-a-Porter has put the e-tail giant in play.
Could Richemont's Yoox Net-a-Porter Offer Spark a Bidding War?
The Swiss luxury conglomerate's surprise offer of €2.7 billion for full control of Yoox Net-a-Porter has put the e-tail giant in play.
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.