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.
financial-results
Financial Markets
China's Fosun Makes Bid for German Fashion Chain Tom Tailor
The Chinese conglomerate is further expanding its reach into Europe's fashion sector with a bid for struggling struggling clothing retailer Tom Tailor.
China's Fosun Makes Bid for German Fashion Chain Tom Tailor
The Chinese conglomerate is further expanding its reach into Europe's fashion sector with a bid for struggling struggling clothing retailer Tom Tailor.
Financial Markets
Footasylum Shares up 59 Percent After JD Sports Takes Stake
Shares rose 58.6 percent after British retailer JD Sports said it had acquired an 8.3 percent stake.
Footasylum Shares up 59 Percent After JD Sports Takes Stake
Shares rose 58.6 percent after British retailer JD Sports said it had acquired an 8.3 percent stake.
Financial Markets
Canada Goose Boosts Outlook After Quarter Results Beat Estimates
The company boosted its forecast for the year after sales climbed a better-than-expected 50 percent to $301 million, showing flagship stores and online lured in more shoppers for its premium winter clothing.
Canada Goose Boosts Outlook After Quarter Results Beat Estimates
The company boosted its forecast for the year after sales climbed a better-than-expected 50 percent to $301 million, showing flagship stores and online lured in more shoppers for its premium winter clothing.
Retail
New Look Year to Date Revenue Down 5 Percent
Following a debt-for-equity swap in January to reduce its debt by £1 billion, the British fashion chain is focused on driving more profitable sales.
New Look Year to Date Revenue Down 5 Percent
Following a debt-for-equity swap in January to reduce its debt by £1 billion, the British fashion chain is focused on driving more profitable sales.
Financial Markets
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
Fashion Week
Kering Looks to Put Gucci's Rocky Month Behind It
This week, everyone will be talking about how Kering will address its various Gucci-related controversies, London Fashion Week kicking off with yet another Brexit vote and Frieze Los Angeles joining a crowded fashion calendar. Read our BoF Professional Cheat Sheet.
Kering Looks to Put Gucci's Rocky Month Behind It
This week, everyone will be talking about how Kering will address its various Gucci-related controversies, London Fashion Week kicking off with yet another Brexit vote and Frieze Los Angeles joining a crowded fashion calendar. Read our BoF Professional Cheat Sheet.
Financial Markets
Margin Concerns Dampen L'Oréal Shares After Solid Sales Report
The world's biggest beauty company reported forecast-beating sales figures for the fourth quarter, but disappointment about margins dampened enthusiasm.
Margin Concerns Dampen L'Oréal Shares After Solid Sales Report
The world's biggest beauty company reported forecast-beating sales figures for the fourth quarter, but disappointment about margins dampened enthusiasm.
Financial Markets
Coach Owner Tapestry Slashes Profit Forecast in Volatile Market
The owner of Kate Spade and Coach missed both its own and analysts’ expectations in the latest quarter and cut its guidance.
Coach Owner Tapestry Slashes Profit Forecast in Volatile Market
The owner of Kate Spade and Coach missed both its own and analysts’ expectations in the latest quarter and cut its guidance.
Financial Markets
Superdry Blames Poor Product and Weather for Latest Sales Fall
The British fashion group's shares have slumped 70 percent over the last year and reported a 1.5 percent fall in revenue in the Christmas quarter.
Superdry Blames Poor Product and Weather for Latest Sales Fall
The British fashion group's shares have slumped 70 percent over the last year and reported a 1.5 percent fall in revenue in the Christmas quarter.
Financial Markets
Estée Lauder Raises Full-Year Forecast as Shares Rise
Higher demand for luxury skincare products with brands such as La Mer, Mac Cosmetics and Origins, and growth in the Asia-Pacific region sent shares up 10 percent.
Estée Lauder Raises Full-Year Forecast as Shares Rise
Higher demand for luxury skincare products with brands such as La Mer, Mac Cosmetics and Origins, and growth in the Asia-Pacific region sent shares up 10 percent.
Luxury
What Will LVMH's Annual Results Reveal About the China Slowdown?
This week, everyone will be talking about LVMH's annual results, the end of the government shutdown and Amazon's improving fashion sense. Read our BoF Professional Cheat Sheet.
What Will LVMH's Annual Results Reveal About the China Slowdown?
This week, everyone will be talking about LVMH's annual results, the end of the government shutdown and Amazon's improving fashion sense. Read our BoF Professional Cheat Sheet.
News & Analysis
Tiffany's Holiday Sales Fall as Chinese Tourists Spend Less
Same-store sales fell 2 percent during the holiday shopping season as Chinese tourists bought less jewellery, Tiffany's net sales also fell, about 1 percent to $1.04 billion.
Tiffany's Holiday Sales Fall as Chinese Tourists Spend Less
Same-store sales fell 2 percent during the holiday shopping season as Chinese tourists bought less jewellery, Tiffany's net sales also fell, about 1 percent to $1.04 billion.
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.