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.
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Latest News & Analysis
Financial Markets
Luxury Start-Ups: Oxymoron or Opportunity?
The most valuable luxury brands are all over 100 years old, but under certain conditions investing in luxury start-ups can deliver stellar returns, writes Pierre Mallevays.
Luxury Start-Ups: Oxymoron or Opportunity?
The most valuable luxury brands are all over 100 years old, but under certain conditions investing in luxury start-ups can deliver stellar returns, writes Pierre Mallevays.
Financial Markets
Could China’s President Be Good for Luxury?
Xi Jinping’s speech on ‘common prosperity’ was not a declaration of war on wealth but an acknowledgement that wealth is concentrated in too few hands. A larger middle class could actually create revenue opportunities at entry level prices for luxury brands.
Could China’s President Be Good for Luxury?
Xi Jinping’s speech on ‘common prosperity’ was not a declaration of war on wealth but an acknowledgement that wealth is concentrated in too few hands. A larger middle class could actually create revenue opportunities at entry level prices for luxury brands.
Financial Markets
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Financial Markets
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
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Financial Markets
H&M to Cut Dividend for First Time Since 1974, Analysts Say
The clothing retailer will struggle to match this year's payout.
H&M to Cut Dividend for First Time Since 1974, Analysts Say
The clothing retailer will struggle to match this year's payout.
Financial Markets
Puma Lifts Guidance As Sales Growth Accelerates
The German sportswear brand nudged up its sales and profit guidance for 2018, but warned of volatile currencies and the threat of a US-China trade war.
Puma Lifts Guidance As Sales Growth Accelerates
The German sportswear brand nudged up its sales and profit guidance for 2018, but warned of volatile currencies and the threat of a US-China trade war.
Financial Markets
Kering Confirms Stella McCartney Split
The French luxury conglomerate is selling its 50 percent share of the label back to the designer after a 17-year partnership.
Kering Confirms Stella McCartney Split
The French luxury conglomerate is selling its 50 percent share of the label back to the designer after a 17-year partnership.
Financial Markets
Kering Refutes Tax Evasion Claims
The French luxury-goods group has responded to reports that it used a Swiss-based scheme to evade taxes on earnings from brands like Gucci and Saint Laurent.
Kering Refutes Tax Evasion Claims
The French luxury-goods group has responded to reports that it used a Swiss-based scheme to evade taxes on earnings from brands like Gucci and Saint Laurent.
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Financial Markets
Alibaba Plans Listing in Mainland China
The e-commerce giant is working on a plan to list on a stock exchange in its home country, according to sources.
Alibaba Plans Listing in Mainland China
The e-commerce giant is working on a plan to list on a stock exchange in its home country, according to sources.
Financial Markets
Adidas to Buy Back Shares for as Much as €3 Billion by 2021
The decision is a sign of confidence as Adidas' CEO tries to increase sales to about €26 billion by 2020.
Adidas to Buy Back Shares for as Much as €3 Billion by 2021
The decision is a sign of confidence as Adidas' CEO tries to increase sales to about €26 billion by 2020.
Financial Markets
Furla Revenues to Surpass €500 Million in 2018
The Italian handbag maker’s turnover grew 20 percent last year, fuelled by strong demand in the Asia-Pacific region and its digital investments.
Furla Revenues to Surpass €500 Million in 2018
The Italian handbag maker’s turnover grew 20 percent last year, fuelled by strong demand in the Asia-Pacific region and its digital investments.
Financial Markets
Prada Shares Soar 20 Percent on Growth Outlook
Prada shares jumped to its highest level since June 2015.
Prada Shares Soar 20 Percent on Growth Outlook
Prada shares jumped to its highest level since June 2015.
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.