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.
fast-fashion
Global Markets
Spain and Portugal Reboot the Iberian Fashion Market
As Spain and Portugal return to pre-crisis growth and tourism levels, who will be the winners and losers as new global players enter the market?
Spain and Portugal Reboot the Iberian Fashion Market
As Spain and Portugal return to pre-crisis growth and tourism levels, who will be the winners and losers as new global players enter the market?
News & Analysis
$12 Billion Swedish Stock Manager Is Betting on H&M Turnaround
“They have a better insight of the disease and measures now,” John Hernander, chief investment officer at Nordea Asset Management
$12 Billion Swedish Stock Manager Is Betting on H&M Turnaround
“They have a better insight of the disease and measures now,” John Hernander, chief investment officer at Nordea Asset Management
News & Analysis
Zara Is Enveloped by Cloud Over Europe's Fashion Retailers
Shares in Inditex have fallen 4.5 percent in 2017 due to a strong euro and a slowdown in like-for-like performance.
Zara Is Enveloped by Cloud Over Europe's Fashion Retailers
Shares in Inditex have fallen 4.5 percent in 2017 due to a strong euro and a slowdown in like-for-like performance.
News & Analysis
H&M’s Answer to Streetwear Gathers Pace
With Weekday, the Swedish fast-fashion group has successfully packaged the politically attuned, streetwear-loving aesthetic of Generation Z.
H&M’s Answer to Streetwear Gathers Pace
With Weekday, the Swedish fast-fashion group has successfully packaged the politically attuned, streetwear-loving aesthetic of Generation Z.
Retail
Australian Topshop Stays Afloat With British Parent Restructure
Arcadia Group, led by Philip Green, will buy parts of Topshop from its Australian franchisee and keep four stores running in the major cities of Sydney, Melbourne and Brisbane.
Australian Topshop Stays Afloat With British Parent Restructure
Arcadia Group, led by Philip Green, will buy parts of Topshop from its Australian franchisee and keep four stores running in the major cities of Sydney, Melbourne and Brisbane.
News & Analysis
Fast Fashion Slow to E-Commerce
Can fast fashion disrupters Zara and H&M save themselves from digital disruption?
Fast Fashion Slow to E-Commerce
Can fast fashion disrupters Zara and H&M save themselves from digital disruption?
News & Analysis
ASOS to Open Second US Distribution Centre
$40 million will be spent opening the new centre in Atlanta, Georgia to continue the retailer's strong US growth figures in the past 12 months.
ASOS to Open Second US Distribution Centre
$40 million will be spent opening the new centre in Atlanta, Georgia to continue the retailer's strong US growth figures in the past 12 months.
Retail
H&M Scraps Monthly Sales Figures But Promises More Transparency
The Swedish retailer will replace monthly sales figures reports with capital market days in a bid to assuage investors clamouring for more information.
H&M Scraps Monthly Sales Figures But Promises More Transparency
The Swedish retailer will replace monthly sales figures reports with capital market days in a bid to assuage investors clamouring for more information.
Retail
What Comes After Zara?
New entrants are chipping away at both traditional retailers and fast fashion behemoths by catering to aesthetic niches, offering customisation and building communities.
What Comes After Zara?
New entrants are chipping away at both traditional retailers and fast fashion behemoths by catering to aesthetic niches, offering customisation and building communities.
News & Analysis
Report: Two Groups in Race to Buy $10 Billion-Valued Global Logistic Properties
The acquisition offers a chance for bidders to grab control of Asia's biggest warehouse operator which counts Amazon among its clients, and could rank as one of the biggest private equity backed deals in Asia.
Report: Two Groups in Race to Buy $10 Billion-Valued Global Logistic Properties
The acquisition offers a chance for bidders to grab control of Asia's biggest warehouse operator which counts Amazon among its clients, and could rank as one of the biggest private equity backed deals in Asia.
Retail
Op-Ed | How Small Will Beat Big and Save the Fashion Industry
The status quo spells certain death for design-driven brands unless they tap new technologies and Economies of Small, argues Lawrence Lenihan.
Op-Ed | How Small Will Beat Big and Save the Fashion Industry
The status quo spells certain death for design-driven brands unless they tap new technologies and Economies of Small, argues Lawrence Lenihan.
Retail
H&M Misses Forecasts As Fast Fashion Pressure Builds
After decades of strong growth, H&M has repeatedly missed sales forecasts over the past year as pressure in the fast fashion market builds from its budget rivals and new online players.
H&M Misses Forecasts As Fast Fashion Pressure Builds
After decades of strong growth, H&M has repeatedly missed sales forecasts over the past year as pressure in the fast fashion market builds from its budget rivals and new online players.
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.